Data Analysis and Decision-Making

Question 1

Something that is collected for study is known as a

Accepted Answer

data set

Question 2

This is expressed as part of a whole number expressed as a proportion. This is called a

Accepted Answer

fraction

Question 3

The likelihood that something will occur is known as the

Accepted Answer

probability

Question 4

Two types of logic used in decision making are

Accepted Answer

Inductive, Deductive

Question 5

Making purchases, comparing prices, advertisements, and budgeting are all apart of

Accepted Answer

Math

Question 6

Percentages are expressed in

Accepted Answer

hundredths

Question 7

All of the following involve math applications in business EXCEPT

Accepted Answer

Human Relations

Question 8

The word "product" involves what order of operation

Accepted Answer

Multiplication

Question 9

All of the following are terms associated with statistics EXCEPT

Accepted Answer

module

Question 10

Information that has not been processed is called raw data.

Accepted Answer

True

Question 11

These are tools that involve predictions about the future.

Accepted Answer

Statistics

Question 12

A correlation is a connection between

Accepted Answer

two things studied

Question 13

A financial tool used to project income is called

Accepted Answer

budget

Question 14

There are five basic mathematical operations involved in business.

Accepted Answer

False

Question 15

The mean is determined by adding all numbers and then

Accepted Answer

dividing

Question 16

Another word for processed data is called information.

Accepted Answer

True

Questions 16