Cht 2 key terms

Question 1

Observation

Answer 1

the action or process of observing something or someone carefully or in order to gain information.

Question 2

Hypothesis

Answer 2

a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Question 3

Prediction

Answer 3

a thing predicted; a forecast

Question 4

Experiment

Answer 4

scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Question 5

Variable

Answer 5

not consistent or having a fixed pattern; liable to change.

Question 6

Experimental group

Answer 6

In a psychology experiment, the experimental group (or experimental condition) refers to the group of participants who are exposed to the independent variable. These participants receive or are exposed to the treatment variable

Question 7

Control group

Answer 7

Control group, the standard to which comparisons are made in an experiment. … A typical use of a control group is in an experiment in which the effect of a treatment is unknown and comparisons between the control group and the experimental group are used to measure the effect of the treatment.

Question 8

Data

Answer 8

facts and statistics collected together for reference or analysis.

Question 9

Correlation

Answer 9

a mutual relationship or connection between two or more things.

Question 10

Statistics

Answer 10

the practice or science of collecting and analyzing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample.

Question 11

Mean

Answer 11

intend to convey, indicate, or refer to (a particular thing or notion); signify.

Question 12

Distribution

Answer 12

Distribution is one of the four elements of the marketing mix. Distribution is the process of making a product or service available for the consumer or business user who needs it. This can be done directly by the producer or service provider or using indirect channels with distributors or intermediaries

Question 13

Probability

Answer 13

the extent to which something is probable; the likelihood of something happening or being the case.

Question 14

Sample

Answer 14

a small part or quantity intended to show what the whole is like.

Question 15

Risk

Answer 15

a situation involving exposure to danger.

Question 16

Model

Answer 16

1 : a small but exact copy of a thing. 2 : a pattern or figure of something to be made. 3 : a person who sets a good example Their daughter is a model of politeness. 4 : a person who poses for an artist or photographer. 5 : a person who wears and displays garments that are for sale.

Question 17

Conceptual model

Answer 17

A conceptual model is a representation of a system. It consists of concepts used to help people know, understand, or simulate a subject the model represents. It is also a set of concepts

Question 18

Mathematical model

Answer 18

A mathematical model is a description of a system using mathematical concepts and language. The process of developing a mathematical model is termed mathematical modeling. Mathematical models are used in the natural sciences and engineering disciplines, as well as in non-physical systems such as the social sciences

Question 19

Value

Answer 19

the regard that something is held to deserve; the importance, worth, or usefulness of something.

Question 20

Decision making model

Answer 20

A decision-making model describes the method a team will use to make decisions. The most important factor in successful decision-making is that every team member is clear about how a particular decision will be made.