Unit 3: Quantitative Analysis Calculations and Data Interpretations (20% of the Assessment)

Question 1

A pattern that tends to repeat itself every few years and is observed over a long time period.

Answer 1

cyclical trend

Question 2

Entire set of data being evaluated.

Answer 2

population

Question 3

Graph showing the frequency of occurrence in each category for qualitative data.

Answer 3

histogram

Question 4

Graph showing the percentage of occurrence in each category for qualitative data.

Answer 4

pie chart

Question 5

Graph used to compare two variables to determine if there is a possible relationship between them.

Answer 5

scatter plot

Question 6

Mathematical statement about the likelihood of an event occurring

Answer 6

probability

Question 7

Resulting set of data points taken over specific time intervals

Answer 7

time series

Question 8

Subset of the population

Answer 8

sample

Question 9

The general upward or downward movement of data over a relatively long period

Answer 9

trend

Question 10

Type of equation when the slope between any two points is constant.

Answer 10

linear equation

Question 11

Unpredictable trend in the data

Answer 11

random trend

Question 12

Upward or downward movement in data that repeats at regular intervals

Answer 12

seasonal trend

Question 13

Used to compare two variables to determine the strength of the linear relationship between them

Answer 13

correlation