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A clothing company wants to predict sales figures based on the amount spent on advertising.

Which type of regression analysis should this company use?

A.

Time series regression

B.

Linear regression

C.

Logistic regression

D.

Multiple linear regression

What is the purpose of linking strategy to performance assessment in an organization?

A.

To increase the organization’s data collection

B.

To provide a target of where an organization needs or desires to be

C.

To decrease the organization’s action plans

D.

To translate the organization’s mission for only team players

What results from starting an analysis with flawed data?

Choose 2 answers.

A.

Spreadsheets must be used to increase the likelihood of analyzing the flawed data.

B.

More time is spent managing data than analyzing data.

C.

Data must be put in a table or a chart so that errors can be more easily detected.

D.

Missing data tend to skew the results of the analysis.

A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?

A.

Median

B.

Z score

C.

Mode

D.

Variance

A researcher notes that people who exercise daily tend to sleep better. The researcher then asks subjects to keep a sleep diary and record the number of hours they sleep each night. Some diaries have few entries, but the subjects claim they are well rested. Which type of error is represented in this research?

A.

Response bias

B.

Lack of blinding

C.

Cause-and-effect confusion

D.

Conscious bias

What does prevalence measure when studying disease frequency?

A.

Only past cases of a disease

B.

Potential future cases of a disease

C.

All existing cases of a disease

D.

Only new cases of a disease

Which element of an experimental study is described as the procedures applied to each subject?

A.

Responses

B.

Inputs

C.

Treatments

D.

Experimental units

Which two tools make it easier to detect an out-of-range error?

Choose 2 answers.

A.

Relational databases

B.

Experimental studies

C.

Spreadsheets

D.

Observational studies

Which tool is often referred to as a fishbone chart or diagram?

A.

Histogram

B.

Flowchart

C.

Cause-and-effect diagram

D.

Scatter diagram

Which term describes a response that appears the greatest number of times compared to other responses in a survey?

A.

Mode

B.

Median

C.

Outlier

D.

Mean