1|Page
QMB 3200 MIDTERM UCF EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE|ALREADY A GRADED|GUARANTEED
PASS|LATEST UPDATE 2025.
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.
.....answer.....Histogram
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.
.....answer.....Cumulative 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. .....answer.....Cumulative Relative 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.
.....answer.....Cumulative Percent Frequency Distribution
,2|Page
a graphical display used to show simultaneously the rank order and shape of
a distribution of data .....answer.....Stem-and-leaf Display
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. .....answer.....Crosstabulation
Conclusions drawn from two or more separate crosstabulations that can be
reversed when the data are aggregated into a single crosstabulation.
.....answer.....Simpson's Paradox
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. .....answer.....Scatter Diagram
a line that provides an approximation of the relationship between two
variables .....answer.....Trendline
a graphical display for depicting multiple bar charts on the same display
.....answer.....Side-by-side Bar Chart
,3|Page
A bar chart in which each bar is broken into rectangular segments of a
different color showing the relative frequency of each class in a manner
similar to a pie chart. .....answer.....Stacked Bar Chart
a measure of central location computed by summing the data values and
dividing by the number of observations. .....answer.....Mean
=AVERAGE() .....answer.....Excel: Mean
A measure of central location provided by the value in the middle when the
data are arranged in ascending order. .....answer.....Median
=MEDIAN() .....answer.....Excel: median
the scientific process of transforming data into insight for making better
decisions .....answer.....Analytics
Analytical techniques that describe what has happened in the past.
.....answer.....Descriptive Analytics
, 4|Page
Analytical techniques that use models constructed from past data to predict
the future or assess the impact of one variable on another.
.....answer.....Predictive Analytics
Analytical techniques that yield a course of action. .....answer.....Prescriptive
Analytics
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.
.....answer.....Big Data
The process of using procedures from statistics and computer science to
extract useful information from extremely large databases. .....answer.....Data
Mining
A tabular summary of data showing the number (frequency) of observations
in each of several nonoverlapping categories or classes.
.....answer.....Frequency Distribution
QMB 3200 MIDTERM UCF EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS AND
RATIONALE|ALREADY A GRADED|GUARANTEED
PASS|LATEST UPDATE 2025.
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.
.....answer.....Histogram
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.
.....answer.....Cumulative 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. .....answer.....Cumulative Relative 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.
.....answer.....Cumulative Percent Frequency Distribution
,2|Page
a graphical display used to show simultaneously the rank order and shape of
a distribution of data .....answer.....Stem-and-leaf Display
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. .....answer.....Crosstabulation
Conclusions drawn from two or more separate crosstabulations that can be
reversed when the data are aggregated into a single crosstabulation.
.....answer.....Simpson's Paradox
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. .....answer.....Scatter Diagram
a line that provides an approximation of the relationship between two
variables .....answer.....Trendline
a graphical display for depicting multiple bar charts on the same display
.....answer.....Side-by-side Bar Chart
,3|Page
A bar chart in which each bar is broken into rectangular segments of a
different color showing the relative frequency of each class in a manner
similar to a pie chart. .....answer.....Stacked Bar Chart
a measure of central location computed by summing the data values and
dividing by the number of observations. .....answer.....Mean
=AVERAGE() .....answer.....Excel: Mean
A measure of central location provided by the value in the middle when the
data are arranged in ascending order. .....answer.....Median
=MEDIAN() .....answer.....Excel: median
the scientific process of transforming data into insight for making better
decisions .....answer.....Analytics
Analytical techniques that describe what has happened in the past.
.....answer.....Descriptive Analytics
, 4|Page
Analytical techniques that use models constructed from past data to predict
the future or assess the impact of one variable on another.
.....answer.....Predictive Analytics
Analytical techniques that yield a course of action. .....answer.....Prescriptive
Analytics
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.
.....answer.....Big Data
The process of using procedures from statistics and computer science to
extract useful information from extremely large databases. .....answer.....Data
Mining
A tabular summary of data showing the number (frequency) of observations
in each of several nonoverlapping categories or classes.
.....answer.....Frequency Distribution
