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UCF QMB3200 Midterm Study Exam fully solved & updated 2026 (latest version verified for accuracy) | Latest!!

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UCF QMB3200 Midterm Study Exam fully solved & updated 2026 (latest version verified for accuracy) | Latest!!

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UCF QMB3200 Midterm Study Exam fully solved &
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Practice questions for this set


Learn 1 /7 Study with Learn




the scientific process of transforming data into insight for making better decisions



Choose an answer



1 Statistics 2 Research



3 Analytics 4 Business Intelligence



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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.


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


Histogram A graphical display of a frequency distribution, relative frequency distribution,
or percent frequency distribution of quantitative data constructed by placing
the class intervals on the horizontal axis and the frequencies, relative
frequencies, or percent frequencies on the vertical axis.


Cumulative Frequency Distribution A tabular summary of quantitative data showing the number of data values that
are less than or equal to the upper class limit of each class.


Cumulative Relative Frequency Distribution A tabular summary of quantitative data showing the fraction or proportion of
data values that are less than or equal to the upper class limit of each class.


Cumulative Percent Frequency Distribution A tabular summary of quantitative data showing the percentage of data values
that are less than or equal to the upper class limit of each class.


Stem-and-leaf Display a graphical display used to show simultaneously the rank order and shape of a
distribution of data


Crosstabulation A tabular summary of data for two variables. The classes for one variable are
represented by the rows; the classes for the other variable are represented by
the columns.


Simpson's Paradox Conclusions drawn from two or more separate crosstabulations that can be
reversed when the data are aggregated into a single crosstabulation.


Scatter Diagram A graphical display of the relationship between two quantitative variables. One
variable is shown on the horizontal axis and the other variable is shown on the
vertical axis.

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