Management and Organizational Studies 2242A/B Study Guide - Midterm Guide: Vacuum Cleaner, Categorical Variable, Nominative Case

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2242A/B
• Professor: Julie Schermer

Document Summary

Chapter 1 an introduction to business statistics: Population a set of existing or potential units (such as people, objects or events) that we want to study. All fires reported last month to ottawa fire department. Consumers who bought a vacuum cleaner last year. Variable a characteristic of a population unit. The variable of interest is litres per 100km of city driving. If you study fuel efficiency of toyota corolla last year. Measurement the process of assigning a value of a variable to each of the units in a population or sample. Might measure the starting salary of an mba graduate to the nearest dollar. Quantitative variable a variable with value that are numbers representing quantities (starting salary, fuel efficiency) Qualitative or categorical variable a variable with values that indicate in which of several categories a population unit belongs. Where soup is located in the grocery store.