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Complete the Week 1 Knowledge Check in Connect.
Note: You have unlimited attempts available to complete practice assignments.
Daily temperature in a local community collected over a 30-day time period is an example of cross-sectional data.
Time series data are data collected at the same time period.
Primary data are data collected by an individual.
A random sample is selected so that every element in the population has the same chance of being included in the sample.
__________ consists of a set of concepts and techniques that are used to describe populations and samples.
Time series analysis
A sequence of operations that takes inputs and turns them into outputs is a ____________.
Processes produce outputs over time.
_________ uses traditional or newer graphics to present visual summaries of business information.
The number of sick days taken by employees in 2008 for the top 10 technology companies is an example of time series data.
A population is a set of existing units.
A(n) _____________ variable is a qualitative variable such that there is no meaningful ordering or ranking of the categories.
Judgment sampling occurs when a person who is extremely knowledgeable about the population under consideration selects the population element(s) that they feel is(are) most representative of the population.