Shared Flashcard Set

Details

Stats test 1
N/A
31
Economics
Undergraduate 3
02/11/2013

Additional Economics Flashcards

 


 

Cards

Term
Nominal Scale
Definition
In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of the
Term
Ordinal Scale
Definition
Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the
Term
Ratio Scale
Definition

The scale of measurement that has an inherent zero value defined is the

Term

Data Set

 

Definition
All the data collected in a particular study are referred to as the
Term
Cases
Definition

Another name for "observations" is

Term
Quantative Data
Definition
are always numeric
Term
Categorical Variable
Definition

In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of a

Term
Categorical Data
Definition
are labels used to identify attributes of elements
Term
Categorical Variable
Definition

Social security numbers consist of numeric values. Therefore, social security is an example of

Term
Quantative Data
Definition

Income is an example of

Term
Crosssectional Data
Definition

Data collected at the same, or approximately the same, point in time are

Term
Experimental Studies
Definition

Statistical studies in which researchers control variables of interest are

Term
The Population
Definition
The collection of all elements of interest in a particular study is
Term
Descriptive Statistics
Definition
In a sample of 800 students in a university, 240, or 30%, are Business majors. The 30% is an example of
Term
Statistical Inference
Definition

In a sample of 400 students in a university, 80, or 20%, are Business majors. Based on the above information, the school's paper reported that "20% of all the students at the university are Business majors." This report is an example of

Term
could be larger, smaller, or equal to 22
Definition
The average age in a sample of 190 students at City College is 22. As a result of this sample, it can be concluded that the average age of all the students at City College
Term
observations
Definition

In a data set, the number of elements will always be the same as the number of

Term
Nominal
Definition
Which scale of measurement can be either numeric or nonnumeric?
Term
Quantative Data
Definition
The height of a building, measured in feet, is an example of
Term
Population
Definition

 

the collection of all items of interest in a particular study

 

Term
both a pie chart and a bar chart
Definition
Fifteen percent of the students in a school of Business Administration are majoring in Economics, 20% in Finance, 35% in Management, and 30% in Accounting. The graphical device(s) which can be used to present these data is (are)
Term
categorical data
Definition

A researcher is gathering data from four geographical areas designated: South = 1; North = 2; East = 3; West = 4. The designated geographical regions represent

Term
longer tail to the left
Definition
A histogram is said to be skewed to the left if it has a
Term
histogram
Definition
a graphical presentation of a frequency or relative frequency distribution
Term
mean
Definition

Which of the following provides a measure of central location for the data?

Term
sample statistic
Definition

A numerical value used as a summary measure for a sample, such as sample mean, is known as a

Term
can be smaller, larger, or equal to the population parameter
Definition

Since the population size is always larger than the sample size, then the sample statistic

Term
the third quartile
Definition

The 75th percentile is referred to as the

Term
median
Definition
The value which has half of the observations above it and half the observations below it is called the
Supporting users have an ad free experience!