2/19/26, 8:35 AM UCF QMB3200 Midterm Study Exam fully solved & updated 2026 (latest version verified for accuracy) | 2025\2026 Latest!! Flashca…
UCF QMB3200 Midterm Study Exam fully solved
& updated 2026 (latest version verified for
accuracy) | 2025\2026 Latest!!
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Terms in this set (100)
Analytics the scientific process of transforming data into
insight for making better decisions
Descriptive Analytics Analytical techniques that describe what has
happened in the past.
Predictive Analytics Analytical techniques that use models constructed
from past data to predict the future or assess the
impact of one variable on another.
Prescriptive Analytics Analytical techniques that yield a course of action.
Big Data A set of data that cannot be managed, processed,
or analyzed with commonly available software in a
reasonable amount of time. Big Data are
characterized by 4 v's: volume, velocity, variety,
and veracity.
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, 2/19/26, 8:35 AM UCF QMB3200 Midterm Study Exam fully solved & updated 2026 (latest version verified for accuracy) | 2025\2026 Latest!! Flashca…
Data Mining The process of using procedures from statistics
and computer science to extract useful information
from extremely large databases.
Frequency Distribution A tabular summary of data showing the number
(frequency) of observations in each of several
nonoverlapping categories or classes.
Relative Frequency Distribution A tabular summary of data showing the fraction or
proportion of observations in each of several
nonoverlapping categories or classes.
Percent Frequency Distribution A tabular summary of data showing the percentage
of observations in each of several nonoverlapping
classes.
Bar Chart A graphical device for depicting categorical data
that have been summarized in a frequency, relative
frequency, or percent frequency distribution.
Pie Chart A graphical device for presenting data summaries
based on subdivision of a circle into sectors that
correspond to the relative frequency for each
class.
Class Midpoint the value halfway between the lower and upper
class limits
Dot Plot a graphical device that summarizes data by the
number of dots above each data value on the
horizontal axis
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UCF QMB3200 Midterm Study Exam fully solved
& updated 2026 (latest version verified for
accuracy) | 2025\2026 Latest!!
Save
Terms in this set (100)
Analytics the scientific process of transforming data into
insight for making better decisions
Descriptive Analytics Analytical techniques that describe what has
happened in the past.
Predictive Analytics Analytical techniques that use models constructed
from past data to predict the future or assess the
impact of one variable on another.
Prescriptive Analytics Analytical techniques that yield a course of action.
Big Data A set of data that cannot be managed, processed,
or analyzed with commonly available software in a
reasonable amount of time. Big Data are
characterized by 4 v's: volume, velocity, variety,
and veracity.
https://quizlet.com/1145759103/ucf-qmb3200-midterm-study-exam-fully-solved-updated-2026-latest-version-verified-for-accuracy-20252026-latest-fla… 1/12
, 2/19/26, 8:35 AM UCF QMB3200 Midterm Study Exam fully solved & updated 2026 (latest version verified for accuracy) | 2025\2026 Latest!! Flashca…
Data Mining The process of using procedures from statistics
and computer science to extract useful information
from extremely large databases.
Frequency Distribution A tabular summary of data showing the number
(frequency) of observations in each of several
nonoverlapping categories or classes.
Relative Frequency Distribution A tabular summary of data showing the fraction or
proportion of observations in each of several
nonoverlapping categories or classes.
Percent Frequency Distribution A tabular summary of data showing the percentage
of observations in each of several nonoverlapping
classes.
Bar Chart A graphical device for depicting categorical data
that have been summarized in a frequency, relative
frequency, or percent frequency distribution.
Pie Chart A graphical device for presenting data summaries
based on subdivision of a circle into sectors that
correspond to the relative frequency for each
class.
Class Midpoint the value halfway between the lower and upper
class limits
Dot Plot a graphical device that summarizes data by the
number of dots above each data value on the
horizontal axis
https://quizlet.com/1145759103/ucf-qmb3200-midterm-study-exam-fully-solved-updated-2026-latest-version-verified-for-accuracy-20252026-latest-fla… 2/12
