QNT/351 Final Exam Answers Study Guide
1) What is the primary function or purpose of descriptive statistics? Summari Explanation: In other words, descriptive statistics is all about making sense of complex data.
2) What do we call the process of gathering, organizing, summarizing, analyzing, and interpreting data?
3) The performance of financial investments is measured with a percentage know as return on investment. What kind of variable do we call return on investment?
Continuous
4) What kind of variable is the amount of b
5) Name the level of measurement of the total number of auto accidents reported in a certain month?
Ratio
6) The titles of the job positions in a company, such as chief operating officer or CEO, are examples of what level of measurement?
Nominal
7) Sneaker sizes, such as 6A, 11D, and 14FF, would be considered which level of measurement?