MBA 601: Module 3 Chapter 1 - Data & Statistics
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University of North Alabama
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Prescriptive Analytics
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Analytical techniques that yield a Name the five applications of
1 2
course of action statistics in Business and Economics
Data that uses numerical values to
indicate how much or how many. This A characteristic of interest for the
3 4
type is obtained using either interval elements
or ratio scales of measurement
Don't know?
, Terms in this set (38)
Name the five applications of 1) Accounting
statistics in Business and Economics 2) Finance
3) Marketing
4) Production
5) Economics
6) Information Systems
The facts and figures collected, Data
analyzed, and summarized for
presentation and interpretation
All the data collected in a particular Data Set
study.
The entities on which data is Elements
collected
A characteristic of interest for the Variable
elements
The set of measurements obtained Observation
for a particular element
Name the four scales of 1) Nominal
measurement used in data collection 2) Ordinal
3) Interval
4) Ratio
Exam | Questions and Answers | Verified
Solutions | 2026 Edition | Pass Guaranteed |
University of North Alabama
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Prescriptive Analytics
Choose an answer
Analytical techniques that yield a Name the five applications of
1 2
course of action statistics in Business and Economics
Data that uses numerical values to
indicate how much or how many. This A characteristic of interest for the
3 4
type is obtained using either interval elements
or ratio scales of measurement
Don't know?
, Terms in this set (38)
Name the five applications of 1) Accounting
statistics in Business and Economics 2) Finance
3) Marketing
4) Production
5) Economics
6) Information Systems
The facts and figures collected, Data
analyzed, and summarized for
presentation and interpretation
All the data collected in a particular Data Set
study.
The entities on which data is Elements
collected
A characteristic of interest for the Variable
elements
The set of measurements obtained Observation
for a particular element
Name the four scales of 1) Nominal
measurement used in data collection 2) Ordinal
3) Interval
4) Ratio
