Presentation And Analysis Of Business Data 1

Question 1

It is a factual information in a raw or unorganized form.

Answer 1

Data

Question 2

This involves categorical measurement expressed not in numbers but through a
natural language description.

Answer 2

Qualitative Data

Question 3

This involves information about quantities that can be measured and written
down with numbers.

Answer 3

Quantitative Data

Question 4

Is the branch of mathematics that focuses on collecting, organizing, analyzing, and interpreting
data.

Answer 4

Statistics

Question 5

Data can be gathered from either:

Answer 5

Primary sources
Secondary sources

Question 6

The person doing the research gathers the data him/herself.

Answer 6

Primary sources

Question 7

The person doing the research uses data gathered by somebody

Answer 7

Secondary sources

Question 8

It is mutually exclusive and exhaustive and is used to
differentiate classes or categories for pure classification or identification purposes.

Answer 8

Nominal

Question 9

is a property of a set of categories such that an individual or object is
included in only one (1) category.

Answer 9

Mutually exclusive

Question 10

is a property of a set of categories such that an individual or object must appear in a category.

Answer 10

Exhaustive

Question 11

It is used in ranking. It is somewhat a stronger form of
measurement because an observed value classified into one (1) category is said to possess more of
a property being scaled than does an observed value classified into another category.

Answer 11

Ordinal

Question 12

It is used to classify order and differentiate between classes or
categories in terms of degrees or differences._____ data are either discrete or continuous variables.

Answer 12

Interval

Question 13

It differs from interval measurement in only one aspect, with a true
zero (0) point (absolute value of zero).

Answer 13

Ratio

Question 14

It is a set of facts or figures systematically displayed or organized, especially in columns.

Answer 14

Table

Question 15

are easily
constructed using the Word processor’s table function or a spreadsheet program like Excel.

Answer 15

Tables

Question 16

The following are the different parts of a table:

Answer 16

Table number.
Title

Head note

Stubs or Row headings
Body of the table.

Source note
Footnote.

Question 17

It is the first item mentioned at the top of each table for easy identification and
reference.

Answer 17

Table number

Question 18

It is the second item that is shown just above the table. It narrates the contents of the table. Hence it has to be very clear, brief, and carefully worded.

Answer 18

Title

Question 19

At the top of each column in a table, a column designation/head is given to explain the figures of the column. This column heading is known as “caption.”

Answer 19

Headnote

Question 20

The title of the horizontal rows is known as “____.”

Answer 20

Stubs or Row heading

Question 21

It contains numeric information and reveals the whole story of investigated facts. Columns are read vertically from top to bottom, and rows are read horizontally from left to right.

Answer 21

Body of the table

Question 22

It explains the specific feature of the table, which is not self-explanatory and has not been
explained earlier. For example, points of exception, if any.

Answer 22

Footnote

Question 23

It is a brief statement or phrase indicating the data source presented in the table

Answer 23

Source note

Question 24

is the grouping of data into categories showing the number of observations in each non-overlapping class

Answer 24

Frequency Distribution

Question 25

It is the data collected in original form.

Answer 25

Raw data

Question 26

t is the difference between the highest and lowest values in a distribution.

Answer 26

Range

Question 27

It is the highest and lowest value describing a class

Answer 27

Class limits

Question 28

It is the upper and lower values of a class or group frequency distribution.

Answer 28

Class boundaries

Question 29

The following are the two (2) types of frequency distribution:

Answer 29

Categorical Frequency Distribution
Grouped Frequency Distribution

Question 30

It is used to organize qualitative data.

Answer 30

Categorical Frequency Distribution

Question 31

It is used to organize quantitative data. Data must be grouped into
classes; class intervals must be determined.

Answer 31

Grouped Frequency Distribution