QBA HW 1 Chapter 1 & 2 Flashcards
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Questions and Answers

Which of the following is an example of quantitative data?

  • The name of a product
  • The color of a car
  • The brand of a beverage
  • The number of people in a waiting line (correct)
  • The set of measurements collected for a particular element is called?

    Observations

    A characteristic of interest for the elements is called a(n):

    Variation

    Which of the following is NOT a scale of measurement?

    <p>All of them are scales of measurement</p> Signup and view all the answers

    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?

    <p>Ordinal Scale</p> Signup and view all the answers

    Which scale of measurement can be either numeric or nonnumeric?

    <p>Nominal and Ordinal</p> Signup and view all the answers

    Quantitative data are always numeric.

    <p>True</p> Signup and view all the answers

    Arithmetic operations are inappropriate for:

    <p>Categorical Data</p> Signup and view all the answers

    In an application for a credit card, potential customers are asked for their social security numbers. A social security number is an example of a:

    <p>Categorical Variable</p> Signup and view all the answers

    The weight of a ball bearing, measured in milligrams, is an example of:

    <p>Quantitative Data</p> Signup and view all the answers

    Data collected over several time periods are:

    <p>Time Series Data</p> Signup and view all the answers

    Data collected at roughly the same time period is known as:

    <p>Cross Sectional Data</p> Signup and view all the answers

    The $387,325 in a Scanner Data User Survey is an example of:

    <p>Both quantitative data AND descriptive statistic</p> Signup and view all the answers

    A portion of the population selected to represent the population is called:

    <p>Sample</p> Signup and view all the answers

    Six hundred residents of a city are polled to obtain information on voting intentions. This is an example of a(n):

    <p>Sample</p> Signup and view all the answers

    In a sample of 3,200 registered voters, 1,440, or 45%, approve of the President. This statement is an example of:

    <p>Statistical Inference</p> Signup and view all the answers

    Which of the following variables is qualitative?

    <p>Phone Number</p> Signup and view all the answers

    If the value of the house purchased tends to increase as the homeowner's income increases, what type of relationship would be displayed in the scatter diagram?

    <p>Positive Relationship</p> Signup and view all the answers

    A graphical method that can be used to show both the rank order and shape of a data set simultaneously is a:

    <p>Stem and Leaf Display</p> Signup and view all the answers

    The sum of frequencies for all classes will always equal:

    <p>The number of elements in a data set</p> Signup and view all the answers

    A tabular summary of a set of data showing the fraction of the total number of items in several nonoverlapping classes is a:

    <p>Relative Frequency Distribution</p> Signup and view all the answers

    In a cumulative frequency distribution, the last class will always have a cumulative frequency equal to:

    <p>Total number of elements in data set</p> Signup and view all the answers

    In a cumulative percent frequency distribution, the last class will have a cumulative percent frequency equal to:

    <p>100%</p> Signup and view all the answers

    A graphical device for depicting categorical data that have been summarized in a frequency distribution is a(n):

    <p>Bar Chart</p> Signup and view all the answers

    The graphical device(s) that can be used to present data about students majoring in various fields is (are):

    <p>Both a bar chart and a pie chart</p> Signup and view all the answers

    When using Excel to create a __________ one must edit the chart to remove the gaps between rectangles.

    <p>Histogram (aka bar chart with no spaces)</p> Signup and view all the answers

    To construct a bar chart using Excel's Chart Tools, choose __________ as the chart type.

    <p>column</p> Signup and view all the answers

    Excel's __________ can be used to construct a crosstabulation.

    <p>PivotTable Report</p> Signup and view all the answers

    In a crosstabulation, either or both variables can be categorical or quantitative.

    <p>True</p> Signup and view all the answers

    Study Notes

    Quantitative and Qualitative Data

    • Quantitative data is numerical and can be measured, such as the number of people in a line.
    • Categorical variables include labels or names and do not support arithmetic operations, e.g., social security numbers.
    • Qualitative variables can be either numeric or nonnumeric.

    Measurement Scales

    • Observations refer to the set of measurements for a particular element.
    • The four scales of measurement include: Nominal, Ordinal, Interval, and Ratio; all are valid scales.
    • An ordinal scale indicates rank order with meaningful intervals.

    Types of Data

    • Time series data is collected over several time periods, while cross-sectional data is collected at the same time period.
    • Example of quantitative data: weight of a ball bearing measured in milligrams.
    • Descriptive statistics summarize data, as seen with average spending figures.

    Sampling Techniques

    • A sample represents a portion of the population and provides insight into the larger group.
    • A specific sample can provide statistical inference, allowing for generalizations about a population based on sample findings.

    Relationships and Data Visualization

    • A positive relationship in data occurs when one variable increases as the other does, such as house value and household income.
    • Graphical methods like stem-and-leaf displays show rank order and shape of data simultaneously.

    Frequency and Distribution

    • A relative frequency distribution summarizes data into nonoverlapping classes showing the fraction of total items.
    • Cumulative frequency distributions accumulate totals while the last class equals the total number of elements.
    • Cumulative percent frequency distributions culminate at 100% in the last class.

    Graphical Representations

    • Bar charts visually summarize categorical data from frequency distributions.
    • Pie charts can also effectively display proportions, like student majors.
    • Histograms in Excel require removal of gaps between rectangles for accurate representation.

    Tools and Applications

    • Excel's PivotTable Report is useful for creating crosstabulations, accommodating both categorical and quantitative data.

    Summary Elements

    • The sum of frequencies in a distribution equals the total number of items in the dataset.
    • Understanding different measurement types and data presentations is essential for effective data analysis and interpretation.

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    Description

    Test your understanding of quantitative data and measurements with these flashcards from QBA HW 1, covering Chapters 1 and 2. Ideal for MSU students, these cards will help reinforce key concepts in quantitative analysis.

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