BUAL 2600 EXAM QUESTIONS AND ANSWERS 2026
a. The dollar amount on an accounts receivable invoice.
B .The net profit for a company in 2017
c. The stock exchange on which a company's stock is traded.
d. The national debt of the United States in
e. The advertising medium (radio, television, or print) used to promote a product
.Qualitative - Answers - a. Quantitative; dollar amounts correspond to values on the real
number line.
b. Quantitative; net profit is a dollar amount.
c. Qualitative; which stock exchange is a category.
d. Quantitative; national debt is a dollar amount.
e. Qualitative; which type of medium is a category.
Which of the following is a quantitative variable?
A. mileage of a car
B. a person's gender
C. whether a person is a college graduate
D. the manufacturer of a cell phone
E. whether a person has a charge account - Answers - A. Milage on a car
A ________ variable is a measurable whole number. - Answers - Quantitative/discrete
A commercial shipping company operates a large fleet of trucks. The company needs to
collect data on vehicle usage including acceleration, braking, and vehicle maintenance
such as fluid levels. The data sourcing method needed to collect the data for this
scenario is?
A. Point of Sale
B. Sensor
C. Clickstream
D. None of these
E. Social Media - Answers - B. Sensor
An example of qualitative data for Stitchfix to collect is a clothing size such as small,
medium, and large. This is an example of __________ (ordinal, nominal, discrete, or
continuous) variable. - Answers - Ordinal
A person's telephone area code is an example of a ________ variable. - Answers -
Qualitative/Nominative
A(n) ________ variable is a qualitative variable such that there is no meaningful
ordering or ranking of the categories - Answers - Nominative
Measurements from a population are called - Answers - Observations
, A quantitative variable can also be referred to as a categorical variable.
True or False? - Answers - False
An example of a qualitative variable is the mileage of a car.
True or False? - Answers - False
A(n) ________ variable can have values that indicate into which of several categories of
a population it belongs.
A. continuous
B. quantitative
C. discrete
D. qualitative
E. qualitative or quantitative - Answers - D. Qualitative
Business analytics and statistics are both processes to answer business problems.
True or False? - Answers - False; Business analytics is the process used to answer
business problems. Statistics are used as the procedures to analyze the data.
Which of the following describes the steps of the Analytic Process after we know the
business problem?
A. Collect Descriptives-Prescriptive Analytics-Predictive Analytics-Ask the Next
Question-Choose Sampling Method-Make Prediction
B. Choose DataSourcing Method-Choose Sampling Method-Collect Descriptives-Make
Prediction-Ask Next Question
C. Choose DataSourcing Method-Collect Descriptives-Make Prediction-Prescriptive
Analytics to decide how to proceed-Take action-Ask Next Question - Answers - C.
Choose DataSourcing Method-Collect Descriptives-Make Prediction-Prescriptive
Analytics to decide how to proceed-Take action-Ask Next Question
An identification of police officers by rank would represent a(n) ________ level of
measurement.
A. quantitative/continuous
B. quantitative/discrete
C. qualitative/ordinal
D. qualitative/nominative - Answers - C. qualitative/ordinal
A doctor's office needs to know how many of their services are used by their patients
during a one year time period. Before a patient leaves their office, a summary report
includes the date, the doctor they saw, the services provided, and the total charge for
each service. Which of the following dataourcing methods best describes this data
collection scenario?
A. Point of Sale
B. Observation
C. None of these
a. The dollar amount on an accounts receivable invoice.
B .The net profit for a company in 2017
c. The stock exchange on which a company's stock is traded.
d. The national debt of the United States in
e. The advertising medium (radio, television, or print) used to promote a product
.Qualitative - Answers - a. Quantitative; dollar amounts correspond to values on the real
number line.
b. Quantitative; net profit is a dollar amount.
c. Qualitative; which stock exchange is a category.
d. Quantitative; national debt is a dollar amount.
e. Qualitative; which type of medium is a category.
Which of the following is a quantitative variable?
A. mileage of a car
B. a person's gender
C. whether a person is a college graduate
D. the manufacturer of a cell phone
E. whether a person has a charge account - Answers - A. Milage on a car
A ________ variable is a measurable whole number. - Answers - Quantitative/discrete
A commercial shipping company operates a large fleet of trucks. The company needs to
collect data on vehicle usage including acceleration, braking, and vehicle maintenance
such as fluid levels. The data sourcing method needed to collect the data for this
scenario is?
A. Point of Sale
B. Sensor
C. Clickstream
D. None of these
E. Social Media - Answers - B. Sensor
An example of qualitative data for Stitchfix to collect is a clothing size such as small,
medium, and large. This is an example of __________ (ordinal, nominal, discrete, or
continuous) variable. - Answers - Ordinal
A person's telephone area code is an example of a ________ variable. - Answers -
Qualitative/Nominative
A(n) ________ variable is a qualitative variable such that there is no meaningful
ordering or ranking of the categories - Answers - Nominative
Measurements from a population are called - Answers - Observations
, A quantitative variable can also be referred to as a categorical variable.
True or False? - Answers - False
An example of a qualitative variable is the mileage of a car.
True or False? - Answers - False
A(n) ________ variable can have values that indicate into which of several categories of
a population it belongs.
A. continuous
B. quantitative
C. discrete
D. qualitative
E. qualitative or quantitative - Answers - D. Qualitative
Business analytics and statistics are both processes to answer business problems.
True or False? - Answers - False; Business analytics is the process used to answer
business problems. Statistics are used as the procedures to analyze the data.
Which of the following describes the steps of the Analytic Process after we know the
business problem?
A. Collect Descriptives-Prescriptive Analytics-Predictive Analytics-Ask the Next
Question-Choose Sampling Method-Make Prediction
B. Choose DataSourcing Method-Choose Sampling Method-Collect Descriptives-Make
Prediction-Ask Next Question
C. Choose DataSourcing Method-Collect Descriptives-Make Prediction-Prescriptive
Analytics to decide how to proceed-Take action-Ask Next Question - Answers - C.
Choose DataSourcing Method-Collect Descriptives-Make Prediction-Prescriptive
Analytics to decide how to proceed-Take action-Ask Next Question
An identification of police officers by rank would represent a(n) ________ level of
measurement.
A. quantitative/continuous
B. quantitative/discrete
C. qualitative/ordinal
D. qualitative/nominative - Answers - C. qualitative/ordinal
A doctor's office needs to know how many of their services are used by their patients
during a one year time period. Before a patient leaves their office, a summary report
includes the date, the doctor they saw, the services provided, and the total charge for
each service. Which of the following dataourcing methods best describes this data
collection scenario?
A. Point of Sale
B. Observation
C. None of these
