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BUSINESS ANALYTICS

Total questions: 40

Worksheet time: 21mins

Name
Class
Date
1.

In research it is a statistical method used to measure the strength of the linear relationship between two variables and compute their association.

a)

correlation analysis

b)

descriptive analysis

c)

system analysis

2.

The unit of measurement used to calculate the intensity in the linear relationship between the variables involved in a correlation analysis.

a)

correlation coefficient

b)

significant

c)

hypothesis

d)

regression

3.

The closer r is to +1.0 or -1.0 the stronger is the co-varying association between the two variables.

a)

True

b)

False

4.

The closer r is to 0.0 the weaker the co-varying association is between the variables.

a)

True

b)

False

5.

A positive correlation between two variables means both the variables move in the same direction.

a)

True

b)

False

6.

An increase in one variable leads to an increase in the other variable and vice versa.

a)

Positive correlation

b)

Negative correlation

7.

For example, spending more time on a treadmill burns more calories.

a)

Positive correlation

b)

Negative correlation

8.

A negative correlation between two variables means that the variables move in opposite directions.

a)

True

b)

False

9.

An increase in one variable leads to a decrease in the other variable and vice versa.

a)

negative correlation

b)

positive correlation

10.

For example, increasing the speed of a vehicle decreases the time you take to reach your destination.

a)

positive correlation

b)

negative correlation

11.

No correlation exists when one variable does not affect the other.

a)

True

b)

False

12.

Descriptive Statistics can be seen as a snapshot of a scene; inferential statistics can give insights into what came before and what is likely to come afterwards.

a)

True

b)

False

13.

Inferential statistics can be used to prove or disprove theories, determine associations between variables, and determine if findings are significant and whether or not we can generalize from our sample to the entire population.

a)

True

b)

False

14.

Regression is a proposition placed under examination, which cannot be true unless proven and tested statistically.

a)

True

b)

False

15.

The truth or falsity of a statistical hypothesis is never known with certainty unless we examine the entire population.

a)

True

b)

False

16.

It refers to the statement about the absence of any effect claimed for a certain action.  It also asserts the absence of difference between the observed and expected values.

a)

Null Hypothesis

b)

Alternative Hypothesis

c)

Research Hypothesis

17.

Hypothesis is a precise, testable statement of what the researcher(s) predict will be the outcome of the study.

a)

True

b)

False

18.

______ _______ refers to the claim that a set of observed data are not the result of chance but can instead be attributed to a specific cause. 

(a)  

19.

The level of marginal significance within a statistical hypothesis test, representing the probability of the occurrence of a given event.

(a)  

20.

If your test result p-value>0.05 your observed difference is deemed to be NOT statistically significant

a)

TRUE

b)

FALSE

21.

If your test result p-value<0.05 your observed difference is statistically NOT significant.

a)

TRUE

b)

FALSE

22.

It is used to predict the value of a variable based on the value of another variable.

a)

Linear Regression

b)

Correlation

c)

Hypothesis

23.

The variable you want to predict is called the independent variable.

a)

True

b)

False

24.

The variable you are using to predict the other variable's value is called the dependent variable.

a)

True

b)

False

25.

Dependent variable (aka criterion variable) is the main factor you are trying to understand and predict.

a)

True

b)

False

26.

Independent variables (aka explanatory variables, or predictors) are the factors that might influence the dependent variable.

a)

True

b)

False

27.

A one-way Analysis of Variance tells you if there are any statistical differences between the means of three or more independent groups.

a)

True

b)

False

28.

It is used when you want to know if there is an association between two categorical (nominal) variables (i.e., between an exposure and outcome)

a)

t-test

b)

Anova

c)

chi-square

d)

regression

29.

Usually, the higher the chi-square statistic, the greater likelihood the finding is significant, but you must look at the corresponding p-value to determine significance

a)

True

b)

False

30.

Are blood pressure and weight correlated? What analytical test can be used?

a)

Anova

b)

T-test

c)

Chi-square

d)

Correlation

31.

In the statement, "Do normal weight (group 1) patients have lower blood pressure than obese patients (group 2)?" what statistical test can be used?

a)

t-test / Anova

b)

Regression

c)

Correlation

d)

chi-square

32.

Are obese individuals (obese vs. not obese) significantly more likely to have a stroke (stroke vs. no stroke)? What statistical test can be used?

a)

Anova

b)

Chi-square

c)

regression

d)

correlation

33.

What statistical test can be used to determine "Does obesity predict stroke (stroke vs. no stroke) when controlling for other variables"?

a)

chi-square

b)

Anova

c)

Regression

d)

Correlation

34.

In the depicted figure, determine the Strength of Association.

a)

small correlation

b)

moderate correlation

c)

no correlation

d)

perfect positive correlation

35.

In the depicted figure, determine the Strength of Association.

a)

small negative correlation

b)

moderate correlation

c)

small positive correlation

d)

perfect positive correlation

36.

In the depicted figure, determine the Strength of Association.

a)

small correlation

b)

moderate correlation

c)

no correlation

d)

perfect positive correlation

37.

In the depicted figure, determine the Strength of Association.

a)

small positive correlation

b)

moderate negative correlation

c)

small negative correlation

d)

perfect positive correlation

38.

In the depicted figure, determine the Strength of Association.

a)

small positive correlation

b)

perfect negative correlation

c)

small negative correlation

d)

perfect positive correlation

39.

Coefficient range:

+ or – 0.21   to   + or – 0.40

a)

slight/negligible

b)

small

c)

moderate

d)

very strong

40.

Coefficient range:

+ or – 0.71   to   + or – 0.90

a)

slight/negligible

b)

small

c)

moderate

d)

strong