State Terms for Statistics for Business Flashcards

Learn and study the terms for statistics for business with our Flashcards. Learn, practice, and revise the most important terms used in statistics for business

28 cards   |   Total Attempts: 184
  

Cards In This Set

Front Back
Set of measurements collected for a particular element
Observations
A characteristic of interest for the elements
Variable
Data collected in a particular study
Data Set
In a data set, the number of observations will always be the same number as.. 
Elements
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?
Ordinal
Which scale of measurement can be either numeric or nonnumeric?
Nominal and ordinal
Which of the following variables use the interval scale of measurement?
SAT scores
Quantitative Data
Always numeric 
Gender is an example of..
Categorical value
Temperature is an example of..
Quantitative variable
Income is an example.. 
Quantitative
Profits of Fortune 500 companies is an example of..
Quantitative data
A portion of the population selected to represent the population
Sample
Data that indicate how much or how many are known 
Quantitative data
Labels or names
Nominal