12 Questions
Which term refers to the samples who are actual participants in the research?
Respondents
What type of level of measurement do geometric shapes belong to?
Nominal
Which type of data has a true zero point and is the highest level of measurement?
Ratio
Which phase of statistics involves using patterns in sample data to draw inferences about the represented population?
Inferential statistics
Which type of data involves or may be influenced by subjectivity (bias)?
Qualitative data
Which term refers to information that is already available from sources like journals, the internet, or company records?
Secondary data
What is the primary purpose of data mining?
To extract previously unknown and interesting patterns from large data sets
Which of the following best describes data analysis?
A process of inspecting, cleaning, transforming, and modeling data to discover useful information
What is the primary focus of business intelligence?
Acquiring and transforming unstructured business data to identify new opportunities
Which of the following best describes descriptive or deductive statistics?
A process of summarizing and organizing statistical data without generalization
According to the definition by John Tukey, what does the data analysis process encompass?
Procedures for analyzing, interpreting, planning data gathering, and applying statistical machinery
What is the difference between a population and a sample in statistics?
A population refers to a group or aggregate, while a sample is a portion representing its characteristics
Study Notes
Data Types
- Respondents: samples who are actual participants in the research
- Data: facts or set of information gathered or under studies
- Nominal data: labels or classes with an implied ordering in these labels
- Ratio data: has all the properties of the interval scale and can be multiplied and divided, has a true zero point, and is the highest level of measurement
- Geometric shapes belong to the nominal level of measurement
Statistics
- Descriptive statistics: summarizes data from the entire population or a sample with numerical descriptors such as Mean, Standard Deviation for Continuous Data, Frequency, Percentage for Categorical Data
- Inferential statistics: uses patterns in the sample data to draw inferences about the represented population or accounting for randomness
- Predictive analytics: uses statistical models to analyze current and historical data for forecasting (predictions)
- Text analytics: process of deriving high-quality information from text
Data Classification
- Numerical information: Age, Height, Grade
- Non-numerical information: Level Of awareness, Emotions, Grade in letter
Data Sources
- Primary data: information collected from sources such as personal interviews, questionnaires or survey with a specific intention on a specific subject
- Secondary data: information that already available somewhere, like journals, the internet, a company’s records or, on a larger scale, in corporate or governmental archives
Data Analysis
- Qualitative data: attributes which cannot be subjected to meaningful arithmetic, involves or may be influenced by subjectivity (bias), examples: attitudes, feelings, willingness, likeliness
- Data mining: analysis of large quantities of data to extract previously unknown, interesting patterns of data, unusual data and the dependencies
- Data analysis: process of inspecting, cleaning, transforming and modeling data with the goal of discovering useful information, suggesting conclusions and supporting decision-making
- Business intelligence: acquisition and transformation of large amounts of unstructured business data to help identify, develop and create new strategic business opportunities
Statistics Terms
- Conclusion: an opinion based on the findings, a generalization on population based on the result of the investigation on samples
- Population: a group or aggregates of people, animals, objects, materials, happenings or things of any form
- Sample: a portion of a population to represent their characteristics or property whereby the members of the group or set vary or differ from one another
- Statistics: science which deals with methods in the collection, gathering, presentation, analysis and interpretation of data
Test your knowledge on data mining, data analysis, and business intelligence. Learn about extracting patterns from large quantities of data, cleaning and modeling data, and transforming unstructured business data for strategic opportunities.
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