#### Study sets matching "final exam business essentials statistics"

#### Study sets matching "final exam business essentials statistics"

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. a sample point represents an…

probability

a numerical measure of the likelihood that an event will occur

experiment

a process that generates well-defined outcomes

Methods for developing useful decision…

The process of capturing, storing, and…

The subject of data mining deals with…

In a questionnaire, respondents are as…

d. data mining

c. data warehousing

a. methods for developing useful decision-making information…

b. nominal scale

Methods for developing useful decision…

d. data mining

The process of capturing, storing, and…

c. data warehousing

Random Variable

Discrete random variable

Continuous Random variable

Probability distribution

A numerical description of the outcome of an experiment.

A random variable that may assume either a finite number of v…

A random variable that may assume any numerical value in an i…

a description of how the probabilities are distributed over t…

Random Variable

A numerical description of the outcome of an experiment.

Discrete random variable

A random variable that may assume either a finite number of v…

Sampled population

Frame

Parameter

Simple random sample

The population from which the sample is taken.

A listing of the elements the sample will be selected from.

A numerical characteristic of a population, such as populatio…

A simple random sample of size n from a finite population of…

Sampled population

The population from which the sample is taken.

Frame

A listing of the elements the sample will be selected from.

Sample statistic

population parameter

point estimator

mean

a numerical value used as a summary measure for a sample i.e.…

a numercal value used as a summary measure for a population i…

the sample statistic, such as sample mean, when used to estim…

a measure of central location computed by summing the data va…

Sample statistic

a numerical value used as a summary measure for a sample i.e.…

population parameter

a numercal value used as a summary measure for a population i…

Null Hypothesis

Alternative Hypothesis

Type II Error

Type I Error

the hypothesis tentatively assumed true in the hypothesis tes…

the hypothesis concluded to be true if the null hypothesis is…

the error of accepting Ho, when it is false.

the probability of rejecting Ho when it is true.

Null Hypothesis

the hypothesis tentatively assumed true in the hypothesis tes…

Alternative Hypothesis

the hypothesis concluded to be true if the null hypothesis is…

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. a sample point represents an…

probability

a numerical measure of the likelihood that an event will occur

experiment

a process that generates well-defined outcomes

A frequency distribution is a tabular…

A tabular summary of a set of data sho…

The relative frequency of a class is c…

The percent frequency of a class is co…

d. number of items in several classes

b. relative frequency distribution

d. dividing the frequency of the class by the sample size

c. multiplying the relative frequency by 100

A frequency distribution is a tabular…

d. number of items in several classes

A tabular summary of a set of data sho…

b. relative frequency distribution

Statistics ( p. 3)

Data (p. 5)

Elements (p. 5)

Variable (p. 5)

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

the facts and figures collected, analyzed and summarized for…

the entities on which data are collected

a characteristic of interest for the elements

Statistics ( p. 3)

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

Data (p. 5)

the facts and figures collected, analyzed and summarized for…

Probability Density Function

Uniform Probability Distribution

Normal Probability Distribution

Standard Normal Probability Distribution

a function used to compute probabilities for a continuous ran…

a continuous probability distribution for which the probabili…

a continuous probability distribution. Its probability densit…

A normal distribution with a mean of zero and a standard devi…

Probability Density Function

a function used to compute probabilities for a continuous ran…

Uniform Probability Distribution

a continuous probability distribution for which the probabili…

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. a sample point represents an…

probability

a numerical measure of the likelihood that an event will occur

experiment

a process that generates well-defined outcomes

Sampled population

Frame

Parameter

Simple random sample

The population from which the sample is taken.

A listing of the elements the sample will be selected from.

A numerical characteristic of a population, such as populatio…

A simple random sample of size n from a finite population of…

Sampled population

The population from which the sample is taken.

Frame

A listing of the elements the sample will be selected from.

Statistics x

Data x

Data set x

Elements x

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

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

All the data collected in a particular study

The entities on which data are collected

Statistics x

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

Data x

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

Data

Variable

Observation

Variation

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

A characteristic of quantity of interest that can take on dif…

A set of values corresponding to a set of variables

Differences in values of a variable over observations

Data

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

Variable

A characteristic of quantity of interest that can take on dif…

Statistics

Data

Data Set

Elements

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

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

Data

Variable

Observation

Variation

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

A characteristic of quantity of interest that can take on dif…

A set of values corresponding to a set of variables

Differences in values of a variable over observations

Data

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

Variable

A characteristic of quantity of interest that can take on dif…

The measure of location which is the m…

The most important statistical descrip…

If two groups of numbers have the same…

The mean of the sample... a. is always s…

d. mean

a. mean

d. None of these alternatives is correct.

d. None of these alternatives is correct.

The measure of location which is the m…

d. mean

The most important statistical descrip…

a. mean

Data

Variable

Observation

Variation

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

A characteristic of quantity of interest that can take on dif…

A set of values corresponding to a set of variables

Differences in values of a variable over observations

Data

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

Variable

A characteristic of quantity of interest that can take on dif…

Statistics ( p. 3)

Data (p. 5)

Elements (p. 5)

Variable (p. 5)

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

the facts and figures collected, analyzed and summarized for…

the entities on which data are collected

a characteristic of interest for the elements

Statistics ( p. 3)

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

Data (p. 5)

the facts and figures collected, analyzed and summarized for…

Random Variable

Discrete random variable

Continuous Random variable

Probability distribution

A numerical description of the outcome of an experiment.

A random variable that may assume either a finite number of v…

A random variable that may assume any numerical value in an i…

a description of how the probabilities are distributed over t…

Random Variable

A numerical description of the outcome of an experiment.

Discrete random variable

A random variable that may assume either a finite number of v…

Methods for developing useful decision…

The process of capturing, storing, and…

The subject of data mining deals with…

In a questionnaire, respondents are as…

d. data mining

c. data warehousing

a. methods for developing useful decision-making information…

b. nominal scale

Methods for developing useful decision…

d. data mining

The process of capturing, storing, and…

c. data warehousing

A frequency distribution is a tabular…

A tabular summary of a set of data sho…

The relative frequency of a class is c…

The percent frequency of a class is co…

d. number of items in several classes

b. relative frequency distribution

d. dividing the frequency of the class by the sample size

c. multiplying the relative frequency by 100

A frequency distribution is a tabular…

d. number of items in several classes

A tabular summary of a set of data sho…

b. relative frequency distribution

The measure of location which is the m…

The most important statistical descrip…

If two groups of numbers have the same…

The mean of the sample... a. is always s…

d. mean

a. mean

d. None of these alternatives is correct.

d. None of these alternatives is correct.

The measure of location which is the m…

d. mean

The most important statistical descrip…

a. mean

The measure of location which is the m…

The most important statistical descrip…

If two groups of numbers have the same…

The mean of the sample... a. is always s…

d. mean

a. mean

d. None of these alternatives is correct.

d. None of these alternatives is correct.

The measure of location which is the m…

d. mean

The most important statistical descrip…

a. mean

Methods for developing useful decision…

The process of capturing, storing, and…

The subject of data mining deals with…

In a questionnaire, respondents are as…

d. data mining

c. data warehousing

a. methods for developing useful decision-making information…

b. nominal scale

Methods for developing useful decision…

d. data mining

The process of capturing, storing, and…

c. data warehousing