Acct 3007 ch3

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_______________ data tend to classify items represented by words, such as identifying a group of people by gender (male, female, nonbinary), labeling transaction types (sales vs. returns) or ordering outcomes.

Categorical

True or false: Eye color is an example of ordinal data.

False

True or false: Product price for an Amazon product is an example of a calculated variable.

False

______ data is so named because there is an equal distance between two observations.

Interval

____________ data is categorical data that cannot be ranked.

Nominal

____________ data includes both interval data and ratio data.

Numerical

_____ are one of the best methods for summarizing many types of raw data in Excel.

Pivottables

_______________ help run summary statistics quickly and provide the flexibility to explore data and interact with it based on the results through analysis without modifying the data.

Pivottables

True or false: Databases and other statistical analysis tools use more than the four data types to categorize data.

True

True or false: Sometimes we need to reformat structured data to make it more useful.

True

Since average customer rating is computed each time a product is displayed in Amazon, it is an example of a _____ variable.

calculated

Data regarding inventory being in stock is an example of _____ data.

categorical

Proportions are used to summarize _____ data.

categorical

The asset description from a fixed asset ledger is an example of __________ data

categorical

In a data dictionary, product price is an example of the _____ data type.

currency

A data __________ is a centralized repository of information about a set of data.

dictionary

The numerical data type that has a meaningful distance between observations uses a(an) _____ scale.

interval

The results of an IQ (intelligence quotient) test is an example of ____ data.

interval

Categorical and _____ data make up the two major data types.

numerical

Product price is an example of _____ data.

numerical

The net book value of each asset from a fixed asset ledger is an example of ____________ data.

numerical

Examples of _____ data include blue, red, and yellow ribbons awarded at the state fair.

ordinal

Ranking is associated with ___________ data.

ordinal

Ranking is associated with_____________data.

ordinal

The data type that ranks, or orders, items is called the ___________ data type.

ordinal

Transactions categorized as the date of sales or returns are examples of _____________ data types.

ordinal

Calculating the ______________ of sales to returns each day for a retail organization is an example of summarizing ordinal data.

proportion

Ordinal data is summarized by counting and grouping, proportions and__________

ranking

The average time outstanding for a company's accounts receivable is an example of which type of data?

ratio data

The height of each basketball player on a team is an example of which type of data?

ratio data

The data dictionary contains a separate _____ for each field (or variable).

record

Ranking used as a means of summarizing ordinal data refers to a position on a____________

scale

In string, short text, or alphanumeric data type, the data can be made up of ______.

several different data types

In a data dictionary, product name is an example of the _____ data type.

short text

In a data dictionary, transaction ID, a unique identifier for each transaction is an example of the _____ data type.

short text

In a data dictionary, transaction type, whether it be the sale of a product or return of the product, is an example of the _____ data type.

short text

____________ data tends to be text data without internal organization.

unstructured


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