Business Stats 271 SP25: Midterm Study Guide

Business Stats 271 SP25: Midterm Study Guide

University

59 Qs

quiz-placeholder

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Business Stats 271 SP25: Midterm Study Guide

Business Stats 271 SP25: Midterm Study Guide

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Hanna Thrower

Used 1+ times

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59 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Analytics is generally thought to comprise three broad categories of techniques that include all of the following except _____ analytics.

prescriptive

predictive

descriptive

diagnostic

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Categorical data

must be numeric.

must be nonnumeric.

cannot be numeric.

may be either numeric or nonnumeric.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a post office, the mailboxes are numbered from 1 to 4,500. These numbers represent

categorical data.

quantitative data.

either categorical or quantitative data.

since the numbers are sequential, the data is quantitative.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a categorical variable?

Your age when you began college

Your Social Security Number

Your statistics class start time

Your birth year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Census refers to a(n)

experimental study to collect data on the entire population.

experimental study to collect data on a sample.

survey to collect data on a sample.

survey to collect data on the entire population.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Facts and figures that are collected, analyzed and summarized for presentation and interpretation are

variables.

elements.

time series data.

data.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The major applications of data mining have been made by companies with a strong _______ focus.

wholesale

manufacturing

consumer

research and development

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