Introduction

Question 1

Data

Answer 1

Facts that one seeks to study/explore (can be numerical or non-numerical)

Question 2

Summarized Data

Answer 2

Derived from un-summarized data

Question 3

Statistics

Answer 3

Methods of working with data (helps summarize & visualize)

Question 4

DCOVA Framework

Answer 4

Define - what do you want to study?
Collect - find appropriate sources
Organize - develop tables
Visualize - develop charts
Analyze - reach conclusions

Question 5

Business Analytics

Answer 5

Statistical methods (explore data), Information systems methods (process data), and Management science methods (optimize operations using data)

Question 6

Big Data

Answer 6

Collection of data that is difficult to read, sort, and analyze

Question 7

Unstructured Data

Answer 7

Irregular pattern; ex - social media comments

Question 8

Operational Definitions

Answer 8

Statistics vocabulary

Question 9

Variable

Answer 9

A characteristic of an item/individual

Question 10

Descriptive Statistics

Answer 10

Methods that summarize and present data

Question 11

Inferential Statistics

Answer 11

Use a small group to conclude about larger groups

Question 12

Logical Causality

Answer 12

Plausible claim that something directly causes something else

Question 13

Worksheets

Answer 13

Tabular arrangements of data in cells (rows and columns)