Term

Definition
A collection of procedures and techniques that are used to convert data into meaningful information in a business environment 


Term
Arthemetic Mean or Average 

Definition
The sum of all values divided by the number of values 


Term
Statistical Inference Procedures 

Definition
Procedures that allow a decision maker to reach a conclusion about a set of data based on a subset of that data



Term

Definition
A process that produces a single outcome whose result cannot be predicted with certainty



Term

Definition
A plan for performing an experiment in which the variable of interest is defined. One or more factor is controlled so the effects can be clearly measured 


Term

Definition
Questions that require the respondant to select from a short list of defined choices 


Term

Definition
Questions relating to the respondents' characteristics, backgrounds, and attributes 


Term

Definition
Questions that allow respondents freedom to resond with statements of their own choosing



Term

Definition
Interviews in which the questions are scripted 


Term

Definition
Interviews that begin with one or more broadly stated questions, with further questions being based on the responses 


Term

Definition
An effect which alters a statistical result by systematically distorting it 


Term

Definition
A characteristic of an experiement in which data is collected in a way as to eliminate the effects of variables within the experimental environment 


Term

Definition
A characteristic of an experiment whose results can be generalized beyond the test environment so that the test can be replicated 


Term
Statistical Sampling Techniques 

Definition
Those sampling methods that use selection techniques based on chance selection



Term

Definition
Those methods of selecting samples using convience, judgement, or nonchance processes 


Term

Definition
A sampling technique that selects the items from the population based on accessibility and ease of selection 


Term

Definition
A method of selecting items from a population such that every possible sample of a specified size has an equal chance of being selected 


Term

Definition
The set of all objects or individuals of interest or the measurements obtained from all objects or individuals of interest 


Term

Definition
A subset of the population 


Term

Definition
An enumeration of the entire set of measurements taken from the whole population



Term
Stratified Random Sampling 

Definition
A statistical sampling method in which the population is divided into subgroups called strata so that each population item belongs to only one stratum 


Term
Systematic Random Sampling 

Definition
A statistical sampling technique that involves selecting every kth in the population after a randomly selected starting pt between 1 and k 


Term

Definition
A method by which the population is divided into groups, or clusters, that each intended to be mini populations 


Term

Definition
Measurements whose values are inherently numerical



Term

Definition
A set of consecutive data values observed at sucessive points in time 


Term

Definition
A set of data values observed at a fixed point in time



Term

Definition
Rank data such as categories like how much money do you make



Term

Definition


Term

Definition
Data that possesses a true zero


