#### Study sets matching "business statistics"

#### Study sets matching "business statistics"

statistics

individual

variable

population

the study of methods to collect, organize, analyze and interp…

any person or object of interest

the characteristic of interest

the entire collection of individuals

statistics

the study of methods to collect, organize, analyze and interp…

individual

any person or object of interest

Population

Cencus

Sample

Sample size

All elements, individuals, or units that meet the selection c…

Statistics: Survey of an entire population, as opposed to a s…

Limited number of observations selected from a population on…

the number of observations in a sample

Population

All elements, individuals, or units that meet the selection c…

Cencus

Statistics: Survey of an entire population, as opposed to a s…

Data Analysis

Decision Making

Iconic model

Analog model

is the science of collecting, organizing, analyzing, interpre…

is the process of defining the problem, identifying the alter…

is a physical replica or representation of a real object. ... Ex…

while physical in form, does not have a physical appearance s…

Data Analysis

is the science of collecting, organizing, analyzing, interpre…

Decision Making

is the process of defining the problem, identifying the alter…

Data Analysis

Decision Making

Iconic model

Analog model

is the science of collecting, organizing, analyzing, interpre…

is the process of defining the problem, identifying the alter…

is a physical replica or representation of a real object. ... Ex…

while physical in form, does not have a physical appearance s…

Data Analysis

is the science of collecting, organizing, analyzing, interpre…

Decision Making

is the process of defining the problem, identifying the alter…

Statistics

population

census

sample

- science of gathering, analyzing, interpreting, and presenti…

a collection of persons, objects, or items under study

gathering data from the entire population

a portion of the whole ... [a subset of the poplulation]

Statistics

- science of gathering, analyzing, interpreting, and presenti…

population

a collection of persons, objects, or items under study

Statistics

Data

Data set

Elements

numerical facts such as averages, medians, percents, and inde…

facts and figures collected, analyzed, and summarized for pre…

all the data collected in a particular study

entities on which data are collected

Statistics

numerical facts such as averages, medians, percents, and inde…

Data

facts and figures collected, analyzed, and summarized for pre…

nominal

ordinal

interval

ratio

Arbitrary labels for data.... No ranking allowed

Ranking allowed, no measurable meaning in the number levels s…

meaningful differences. no true zero pt. calendar yr

meaningful differences. true zero pt such as income.

nominal

Arbitrary labels for data.... No ranking allowed

ordinal

Ranking allowed, no measurable meaning in the number levels s…

point estimate

confidence interval

precision

accuracy

A single number such as the sample mean or the sample proport…

What provides additional information about the variability of…

When asking how close - or how exact is the interval that is…

When asking how confident do you want to be in estimating the…

point estimate

A single number such as the sample mean or the sample proport…

confidence interval

What provides additional information about the variability of…

alternative hypothesis

ANOVA test of difference of means

bar graph

between-group sum of squares (SSbg)

lists the range of values of the parameter for which Ho is re…

used to test equality of means across populations; hypotheses…

graph of cross-sectional data with the unit on the horizontal…

in the ANOVA test of equal means the sum of squares due to tr…

alternative hypothesis

lists the range of values of the parameter for which Ho is re…

ANOVA test of difference of means

used to test equality of means across populations; hypotheses…

A population is a collection of

Statistics are used to report

To infer something about a population we

There are 4 levels of measurement

All individuals, objects, or measurements of interest

The summary results of market surveys

Usually take a sample from the population

Nominal, Ordinal, Interval & Ratio

A population is a collection of

All individuals, objects, or measurements of interest

Statistics are used to report

The summary results of market surveys

Essential Elements of Discovery

management science

2 ways of achieving this "coming toget…

Statistics

A critical event & a perceptive observer.... The 2 coming toget…

the use of the scientific method to answer questions of conce…

1) make sure the naturally occurring informative events are b…

The science & art of obtaining AND analyzing data, & converti…

Essential Elements of Discovery

A critical event & a perceptive observer.... The 2 coming toget…

management science

the use of the scientific method to answer questions of conce…

Statisics

Descriptive Statistics

Inferential Statistics

Population

The science of collecting, organizing, and interpreting data…

Methods of organizing, summarizing, and presenting data in an…

A decision, estimate, prediction, or generalization about a p…

The entire set of individuals or objects of interest, or the…

Statisics

The science of collecting, organizing, and interpreting data…

Descriptive Statistics

Methods of organizing, summarizing, and presenting data in an…

Population Mean

Sample proportion

P value

Null Hypothesis

The mean of the entire population ... mu , ... μ... (Mew) The balance…

p^ (p-hat)... proportion of individuals of a given type in a sam…

The probability level which forms basis for deciding if resul…

(H0)... A statement or idea that can be falsified, or proved wro…

Population Mean

The mean of the entire population ... mu , ... μ... (Mew) The balance…

Sample proportion

p^ (p-hat)... proportion of individuals of a given type in a sam…

Business statistics

Biased sample

Cross-sectional data

Data

statistics applied to the business world to help improve peop…

a sample that does not represent the intended population that…

data values that correspond to a specific time period

thee values assigned to specific observations or measurements

Business statistics

statistics applied to the business world to help improve peop…

Biased sample

a sample that does not represent the intended population that…

Classical Statistics

Bayesian Statistics

Modern Statistics

Management Information Systems

A branch of mathematics dealing with the collection, analysis…

A method of decision-making in the face of uncertainty.

A body of knowledge which integrates decision-making theory w…

Integration of computer hardware, software and human knowledg…

Classical Statistics

A branch of mathematics dealing with the collection, analysis…

Bayesian Statistics

A method of decision-making in the face of uncertainty.

Probability

Experiment

Sample Space

Sample Point

A numerical measure of the likelihood that an event will occur

A process that generates well-defined outcomes

The set of all experimental outcomes

An element of the sample space. This represents an experiment…

Probability

A numerical measure of the likelihood that an event will occur

Experiment

A process that generates well-defined outcomes

Frequency distribution

Relative Frequency

Relative frequency distribution

Bar Chart

tabular summary of data showing the number of items in each o…

equals the fraction of items belonging to a class

tabular summary of data showing relative frequency for each c…

graphical device for depicting categorical data summarized in…

Frequency distribution

tabular summary of data showing the number of items in each o…

Relative Frequency

equals the fraction of items belonging to a class

Business Statistics

Data

Information

Qualitative

Statistics applied to the business world in an effort to impr…

Values assigned to observations or measurements

Data that are transformed into useful facts that can be used…

Nominal, Ordinal

Business Statistics

Statistics applied to the business world in an effort to impr…

Data

Values assigned to observations or measurements

Statistics

Data

Data set

Elements

The art and science of collecting, analyzing, presenting, and…

The facts and figure collected, analyzed, and summarized for…

all the data collected in a particular study

The entities on which data are collected

Statistics

The art and science of collecting, analyzing, presenting, and…

Data

The facts and figure collected, analyzed, and summarized for…

A sample must be

Statistics

Types of data

cross sectional

random and representative

the science of collecting, organizing, analyzing, interpretin…

cross-sectional, time series

values of a characteristic of many subjects at the same point…

A sample must be

random and representative

Statistics

the science of collecting, organizing, analyzing, interpretin…

Price Relative

Aggregate Price Index

Weighted Aggregate Price Index

Laspeyres Index

A price index for a given item that is computed by dividing a…

A composite price index based on the prices of a group of items

A composite price index in which the prices of the items in t…

A weighted aggregate price index in which the weight for each…

Price Relative

A price index for a given item that is computed by dividing a…

Aggregate Price Index

A composite price index based on the prices of a group of items

Qualitative

Quantitative

nominal scale

ordinal scale

Categorical variables have values that can only be placed int…

Numerical variables have values that represent quantities ... d…

Classifies data into distinct categories in which no ranking…

classifies data into distinct categories in which ranking is…

Qualitative

Categorical variables have values that can only be placed int…

Quantitative

Numerical variables have values that represent quantities ... d…