WorksheetsBUSINESS ANALYTICS
Total questions: 40
Worksheet time: 21mins
In research it is a statistical method used to measure the strength of the linear relationship between two variables and compute their association.
correlation analysis
descriptive analysis
system analysis
The unit of measurement used to calculate the intensity in the linear relationship between the variables involved in a correlation analysis.
correlation coefficient
significant
hypothesis
regression
The closer r is to +1.0 or -1.0 the stronger is the co-varying association between the two variables.
True
False
The closer r is to 0.0 the weaker the co-varying association is between the variables.
True
False
A positive correlation between two variables means both the variables move in the same direction.
True
False
An increase in one variable leads to an increase in the other variable and vice versa.
Positive correlation
Negative correlation
For example, spending more time on a treadmill burns more calories.
Positive correlation
Negative correlation
A negative correlation between two variables means that the variables move in opposite directions.
True
False
An increase in one variable leads to a decrease in the other variable and vice versa.
negative correlation
positive correlation
For example, increasing the speed of a vehicle decreases the time you take to reach your destination.
positive correlation
negative correlation
No correlation exists when one variable does not affect the other.
True
False
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.
True
False
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.
True
False
Regression is a proposition placed under examination, which cannot be true unless proven and tested statistically.
True
False
The truth or falsity of a statistical hypothesis is never known with certainty unless we examine the entire population.
True
False
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.
Null Hypothesis
Alternative Hypothesis
Research Hypothesis
Hypothesis is a precise, testable statement of what the researcher(s) predict will be the outcome of the study.
True
False
______ _______ 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)
The level of marginal significance within a statistical hypothesis test, representing the probability of the occurrence of a given event.
(a)
If your test result p-value>0.05 your observed difference is deemed to be NOT statistically significant
TRUE
FALSE
If your test result p-value<0.05 your observed difference is statistically NOT significant.
TRUE
FALSE
It is used to predict the value of a variable based on the value of another variable.
Linear Regression
Correlation
Hypothesis
The variable you want to predict is called the independent variable.
True
False
The variable you are using to predict the other variable's value is called the dependent variable.
True
False
Dependent variable (aka criterion variable) is the main factor you are trying to understand and predict.
True
False
Independent variables (aka explanatory variables, or predictors) are the factors that might influence the dependent variable.
True
False
A one-way Analysis of Variance tells you if there are any statistical differences between the means of three or more independent groups.
True
False
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)
t-test
Anova
chi-square
regression
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
True
False
Are blood pressure and weight correlated? What analytical test can be used?
Anova
T-test
Chi-square
Correlation
In the statement, "Do normal weight (group 1) patients have lower blood pressure than obese patients (group 2)?" what statistical test can be used?
t-test / Anova
Regression
Correlation
chi-square
Are obese individuals (obese vs. not obese) significantly more likely to have a stroke (stroke vs. no stroke)? What statistical test can be used?
Anova
Chi-square
regression
correlation
What statistical test can be used to determine "Does obesity predict stroke (stroke vs. no stroke) when controlling for other variables"?
chi-square
Anova
Regression
Correlation
In the depicted figure, determine the Strength of Association.
small correlation
moderate correlation
no correlation
perfect positive correlation
In the depicted figure, determine the Strength of Association.
small negative correlation
moderate correlation
small positive correlation
perfect positive correlation
In the depicted figure, determine the Strength of Association.
small correlation
moderate correlation
no correlation
perfect positive correlation
In the depicted figure, determine the Strength of Association.
small positive correlation
moderate negative correlation
small negative correlation
perfect positive correlation
In the depicted figure, determine the Strength of Association.
small positive correlation
perfect negative correlation
small negative correlation
perfect positive correlation
Coefficient range:
+ or – 0.21 to + or – 0.40
slight/negligible
small
moderate
very strong
Coefficient range:
+ or – 0.71 to + or – 0.90
slight/negligible
small
moderate
strong
