What is the group of information representing the qualitative or quantitative attributes of a variable or set of variables? a. Data b. Numbers c. Population d. Variables
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What is the group of information representing the qualitative or quantitative attributes of a variable or set of variables?
a. Data
b. Numbers
c. Population
d. Variables
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- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?Which of the following variables would lineartrend extrapolation be more accurate for? (a) An-nual population of the United States or (b) annualsales of cars produced in the United States byFord. Why?Suppose a researcher collected data for his study from the annual financial reports of the ABC company. Which type of data he had collected? a. Intermediate data b. Primary data c. Secondary data d. Tertiary data
- Which of the following is not a similarity between seasonal and cycle factors? They both model variability in the dependent variable. They both sum to the number of data points in the averaging process. They are both calculated as ratios. They both use the actual data series in their calculation. All of the options are correct.A technique for the study of interrelationships among variables, usually for the purposes of data reduction and the discovery of underlying constructs or latent dimensions is known as: a. Factor Analysis b. Structural Model Analysis c. Multiple linear regression d. Reliability Analysiswhich of the following would be calculated variable from other data: 1. Product Sales Price 2. Product availability 3. Coupon Availability 4. Average Customer rating
- Which of the following describes the data observation that occurs most frequently? 1. Mean 2. Median 3. Mode 4. Range 5. Standard deviationplease explain the following random sampling methods along with giving examples for each in a business context situation. a) Systematic random sample b) Stratified Sample c) Cluster SampleDiscuss the following methods of data collection methods. Be sure to include both merits and Demerits . Observation method b. Schedule Method i. Distinguish between cluster sampling and stratified sampling. Be sure to include the merits and dmerits of each of them
- A scale used to label variables that have a natural order , but no quantifiable difference between values . Select one : a . Interval Scale b . Ordinal Scale c . Ratio Scale d . Nominal ScaleMs. Aliya is scanning TV news and political discussions every day for writing her graduation project report. Which type of data is represented by the information she gets from TV news and political affair discussion in the TV programs? A. Primary Data B. Secondary Sources C. Tertiary Sources D. All of the AboveIn the sampling, hypothesis testing and analysis of business research data, which of the following is true? Group of answer choices 1. We make inferences about the population parameters based on sample statistics 2. The sample should be representative of the population 3. A larger sample size is always better 4. Answers1 and 2 only 5. Answers 1, 2 and 3