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1. What is an investigation of all the individual observations making up a population called?
Census
2. What is one data point or daturn called?
Observation
3. A summary measure of a population is called?
Parameter
4. The group being studied is called?
Population
5. A representative subset of a population; a sample can be the entire population
Sample
6. The process of collecting a representative sample from which conclusions about the population may be drawn
Sampling
7. A summary measure of a sample
Statistic
8. Helps transform numbers into useful information for decision makers.
Statistics
9. Methods that help collect, summarize, present, and analyze data
Descriptive statistics
10. Methods that use the data collected from a small group to reach conclusions about a larger group.
Inferential statistics
11. Numerical literacy is called?
Numeracy
12. What is used to make reliable forecasts?
Statistical prediction
13. What combines computer systems and statistics to generate new ways to help analyze corporate enterprise data, particularly collections of historical data?
Analytics
14. The values associated with a trait or property that help distinguish the occurrences of something is called?
Data
15. What word is used to describe a single value?
Datum
16. What is one of those traits or properties that helps distinguish the occurrence of something is called?
Variable
17. A characteristic of an item or individual
Variable
18. The set of individual values associated with a variable
Data
19. Allows all associated with an analysis to understand what the variable represents and what its possible values are.
Operational Definition
20. Values that can only be placed into categories such as yes and no, also known as qualitative variables
Categorical variables
21. Values that represent quantites, also known as quantitative variables
Numerical variables
22. Numerical values that arise from a counting process
Discrete variables
23. Numerical responses that arise from a measuring process
Continuous variables

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 Author: suni_daze ID: 235182 Filename: Business Statistics Updated: 2013-09-16 21:39:42 Tags: Definition Folders: Description: Chapter 1 Show Answers:

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