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Quantitative Statistics CH 1
Textbook: Modern Business Statistics, Anderson Sweeny, 5e School: Edinboro University Class: QUAN 340 Instructor: Jiang
Terms in this set (41)
The art and science of collecting, analyzing, presenting, and interpreting data.
The facts and figures collected, analyzed, and summarized for presentation and interpretation.
All the data collected in a particular study.
The entities on which data are collected.
A characteristic of interest for the elements.
The set of measurements obtained for a particular element.
scales of measurement
nominal, ordinal, interval, or ratio
The scale of measurement for a variable when the data are labels or names used to identify an attribute of an element. Nominal data may be nonnumeric or numeric.
The scale of measurement for a variable if the data exhibit the properties of nominal data and the order or rank of the data is meaningful. Ordinal data may be nonnumeric or numeric.
The scale of measurement for a variable if the data demonstrate the properties of ordinal data and the interval between values is expressed in terms of a fixed unit of measure. Interval data are always numeric.
The scale of measurement for a variable if the data demonstrate all the properties of interval data and the ratio of two values is meaningful. Ratio data are always numeric.
Labels or names used to identify an attribute of each element. Categorical data use either the nominal or ordinal scale of measurement and may be nonnumeric or numeric.
Numeric values that indicate how much or how many of something. Quantitative data are obtained using either the interval or ratio scale of measurement.
more alternatives for statistical analysis are possible when data are _________
Data collected at the same or approximately the same point in time.
Time series data
Data collected over several time periods.
the number of ________ is always the same as the number of elements.
The number of measurements obtained for each element equals the number of ________
the total number of data items can be determined by multiplying the number of _____ by the number of _______
error in data acquisition
occurs whenever the data value obtained is not equal to the true or actual value that would be obtained with a correct procedure
Tabular, graphical, and numerical summaries of data.
The set of all elements of interest in a particular study.
A sample is a subset of the population.
A survey to collect data on the entire population.
A survey to collect data on a sample.
The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population.
the process of capturing, storing, and maintaining the data
methods for developing useful decision-making info from large databases
For ease of data entry into a university database, 1 denotes that the student is an undergraduate and 2 indicates that the student is a graduate student. In this case data are:
Data collected at the same, or approximately the same, point in time are:
b. cross-sectional data.
The number of people waiting in a line is an example of _________ data?
In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of a:
c. categorical variable.
Quantitative data are always ________
Data collected over several time periods are:
c. time series data.
In a questionnaire, respondents are asked to record their age in years. Age is an example of a:
d. quantitative variable.
When the data are labels or names used to identify an attribute of the elements and the rank of the data is meaningful, the variable has which scale of measurement?
Quantitative data that measure how many are ________; quantitative data that measure how much are ________.
d. discrete; continuous
When the data are labels or names used to identify an attribute of the elements, the variable has which scale of measurement?
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