Lesson 3

Question 1

the systematic process of taking out information from raw data to assist in the interpretation and discussion of information

Answer 1

DATA ANALYSIS

Question 2

CHARACTERISTICS OF VALID DATA

Answer 2

Reliability
Credibility
Transferability
Objectivity

Question 3

Affirmation by other researchers. Absence of bias

Answer 3

Objectivity

Question 4

Reproducibility of data. (External Validity)

Answer 4

Transferability

Question 5

Precision associated with the data collected for each run or trial

Answer 5

Credibility

Question 6

Consistency in the data generated (Internal Consistency)

Answer 6

Reliability

Question 7

preconceived notion or perception to deliberately sway the results in a direction that is favorable to that unsubstantiated concept or idea

Answer 7

BIAS

Question 8

3 EXPERIMENTS AND VARIABLES

Answer 8

Independent Variable
Dependent Variable
Control Variable

Question 9

variables that need to remain constant for accurate results (Baseline)

Answer 9

Control Variable

Question 10

Variable you measure (Responding variable)

Answer 10

Dependent Variable

Question 11

Variable you can change (Manipulated variable)

Answer 11

Independent Variable

Question 12

Cost analysis also known as (blank)

Answer 12

cost-benefit analysis

Question 13

A helpful tool to enhance project. management and predict potential profits for a company

Answer 13

COST ANALYSIS

Question 14

a calculation for determining the number of products/services a company should sell or provide to cover its costs (fixed costs in particular)

Answer 14

BREAKEVEN ANALYSIS

Question 15

a situation where the company is neither making money nor losing money, but all the costs have been covered.

Answer 15

BREAKEVEN

Question 16

fixed irrespective of the production

Answer 16

FIXED COST-OVERHEAD COSTS

Question 17

What called with direct relation to the production volume

Answer 17

VARIABLE COSTS
PRODUCTION COSTS

Question 18

a formal procedure for investigating our ideas about the world using statistics.

Required when making inferences or generalizations.

optional for studies that involve prototype building

Descriptive studies entail descriptive statistics

Answer 18

TEST OF HYPOTHESIS

Question 19

2 DESCRIPTIVE STATISTICS

Answer 19

Measures of Central Tendency
Measures of Location

Question 20

(Mean, Median, Mode), (Variance, Standard Deviation, Range)

Answer 20

Measures of Central Tendency

Question 21

(Percentile, Decile, Quartile)

Answer 21

Measures of Location

Question 22

direction of data

Answer 22

Skewness

Question 23

peakedness or flatness of distribution

Answer 23

Kurtosis