Quantitative Methods

 IT6210 - Quantitative Methods

Statistics help predicts the future course of action of the phenomena.	Forecasting
Data collection used for a population.	Census
It aims to describe various aspects of the data obtained in the study.	Descriptive Statistics
Descriptive Statistics is the branch of statistics that involves organizing, displaying and describing data.	True
This industry use statistical approaches to estimate the number of depositors and their claims for a certain day	Banking
Which is considered as qualitative data?	The texture of a rock
Statistics help predicts the future course of action of the phenomena.	Forecasting
The population is not confined to people only, but it may also include animals, events, objects, buildings, etc.	True
The mean is sensitive to any change in value, unlike the median and mode, where a change to an extreme or uncommon value usually has no effect.	True
These are the two main branches of statistics	Descriptive and Inferential
It is often based on statements of statistical significance and probability.	Modern science
It is a variable that goes on the y-axis, or vertical axis.	Dependent Variable
Variables are central to any analysis and they do not need to be understood well by the researcher.	False
Which is another term for dependent variable?	Predicted Variable
It is the science of uncertainty.	Probability and Statistics
There are two key variables in every experiment: the dependent variable and the independent variable.	True
It a characteristic or feature that varies, or changes within a study	Variable
It is the scientific study of earthquakes.	Seismology
Scientific research rarely leads to absolute certainty.	True
It is commonly used for analyzing experiment results, testing their significance and displaying the results accordingly.	Statistical Method