Table of Contents

## What type of data are data that are collected at the same or approximately the same point in time?

Term StatisticsDefinition The art and science of collecting, analyzing, presenting, and interpreting data.Term Cross-Sectional DataDefinition Data collected at the same or approximately the same point in time.Term Time Series DataDefinition Data collected over several time periods.45 more rowsx26bull;22 Sept 2012

## Which of the following data refers to data collected over several time periods?

**Panel data contains observations of multiple phenomena obtained over multiple time periods for the same firms or individuals.**

## What is it called when data where two pieces of information is collected?

**Secondary data. Data which is already available or has been collected by someone else for a different purpose is called secondary data.**

## Are collected from several entities at the same point in time?

**Cross-sectional data are collected from several entities at the same, or approximately the same, point in time.**

## Are collected from several entities at the same or approximately the same point in time?

**Cross-sectional data are collected from several entities at the same, or approximately the same, point in time.**

## Which of the following terms refers to data collected in the form of numbers?

**Numerical data is a data type expressed in numbers, rather than natural language description. Sometimes called quantitative data, numerical data is always collected in number form.**

## What are data collected at a fixed point in time?

Data collected at a fixed point in time are: **cross-sectional data.**

## What are all the data collected in a particular study are referred to as?

**Data Set. All the data collected in a particular study are referred to as the data set for the study. ( Eg:Morningstar Funds) Elements. Elements are the entities on which data are collected.**

## What data is collected over several time periods?

Term StatisticsDefinition The art and science of collecting, analyzing, presenting, and interpreting data.Term Time Series DataDefinition Data collected over several time periods.Term Descriptive StatisticsDefinition Tabular, graphical, and numerical summaries of data.45 more rowsx26bull;22 Sept 2012

## Which type of data cross-sectional vs time series is more important to research?

**Data Set. All the data collected in a particular study are referred to as the data set for the study. ( Eg:Morningstar Funds) Elements. Elements are the entities on which data are collected.**

## Is categorical data always Nonnumeric?

Which type of data, cross-sectional versus time series, is more important to research? a. **Cross-sectional data is more important than time series data.**

## When collecting information the two types of data are?

You can divide primary data into two categories: **quantitative and qualitative.**

## What is it called when data is collected?

The process of gathering and analyzing accurate data from various sources to find answers to research problems, trends and probabilities, etc., to evaluate possible outcomes is Known as **Data Collection**

## What do you mean by data collection Name two sources of data collection?

There are two sources of data in Statistics. **Statistical sources refer to data that are collected for some official purposes and include censuses and officially conducted surveys. Non-statistical sources refer to the data that are collected for other administrative purposes or for the private sector.**

## What are the 4 methods of data collection?

Data may be grouped into four main types based on methods for collection: **observational, experimental, simulation, and derived.**

## When a variable can take on different values quizlet?

**A random variable assumes any of several different values as a result of some random event. Random variables are denoted by a capital letter such as X. You just studied 9 terms!**

## Which Excel command will return all modes when more than one mode exists?

The Microsoft Excel **MODE.****MULT function returns a vertical array of the most frequently occurring numbers found in a set of numbers. This function is useful if there is more than one number that occurs the most. TIP: If this formula is entered as an array formula, it will return multiple modes.**

## What is a two dimensional representation of data in which values are represented by colors quizlet?

**A heat map is a two-dimensional graphical representation of data that uses different shades of color to indicate magnitude.**

## Which of the following graphical methods is most appropriate for categorical data?

**Frequency tables, pie charts, and bar charts are the most appropriate graphical displays for categorical variables.**

## Is a quantity that is free to take on different values?

Term StatisticsDefinition The art and science of collecting, analyzing, presenting, and interpreting data.Term Cross-Sectional DataDefinition Data collected at the same or approximately the same point in time.Term Time Series DataDefinition Data collected over several time periods.45 more rowsx26bull;22 Sept 2012

## Which of the following terms is defined as data based on numbers and statistics?

**Quantitative Data(numbers)**

## What is the name of data that is numerical?

Categorical data is also called qualitative data while numerical data is also called **quantitative data.**

## What is an example of numerical data?

Numerical data represent values that can be measured and put into a logical order. Examples of numerical data are **height, weight, age, number of movies watched, IQ, etc. To graph numerical data, one uses dot plots, stem and leaf graphs, histograms, box plots, ogive graphs, and scatter plots.**

## What is numerical data set?

The numerical data set is **a data set, where the data are expressed in numbers rather than natural language. The numerical data is sometimes called quantitative data. The set of all the quantitative data/numerical data is called the numerical data set.**