MIDTERM QUIZ - BUSINESS ANALYTICS (INTRODUCTION TO BUSINESS ANALYTICS)

BUSINESS ANALYTICS MIDTERM QUIZ 1

1. MIDTERM QUIZ#1 BUSANA

2. IDENTIFICATION BUSANA

3. IDENTIFICATION It is a subset of individuals from a larger group – SAMPLE It is the entire group that you want to get data from - POPULATION The number of individuals you should include in your sample – SAMPLE SIZE The actual list of individuals included in the sample – SAMPLING FRAME A sampling method whereevery member of the population has a chance of being selected. – PROBABILITY SAMPLING A sampling method individuals are selected based on non-random criteria and not everyone has a chance to be selected. – NON PROBABILITY SAMPLING

4. IDENTIFY THE SAMPLING METHOD BUSANA

5. SAMPLE METHOD Jerome needs 5 people to gauge the prettiest girl in their section. To do this, he selected five of his friends and asked them to rank top 3 prettiest girl in the class. – CONVENIENCE SAMPLE Mr. Sandoval needs to know what products are currently in trend per age group. He proceed to ask his team to gather 16-18 teens and 20-25young adults and pick three people in each group. – STRATIFIED SAMPLE Cathy needs 10 people to test her program to see if it captures their attention. She selects the first 10 people she saw outside and ask them to join the test. – SIMPLE RANDOM SAMPLE Damashi wants to survey the lands and come up a plan on how to attack the Northern Nation. He calls out his generals for he knows that their battle experience will have weight on making his decision. - PURPOSIVE SAMPLING

6. SAMPLE METHOD Johnny Sims needs to find his next inspiration for his art. He proceeds to group the people in his area based on their age and gender. After creating the subsets, he decides to ask six people who are part of the 25-30 Male category and asks for their opinions. – CLUSTER SAMPLE Charisse wants to create a podcast based on the Avatar live action TV series. Before she can start, she needs to get some points from thos who like it and those who don’t. She asks one of her friend to ask some of their close friends about their opinion. She also went to the one person she knew who didn’t like it and asked what their close friends disagree with. - SNOWBALL SAMPLE S ir Kagwang wants to group his students into 5.He asked them to count off to 5. – SYSTEMATIC SAMPLING