Which of the Following Techniques Are Applicable to Quantitative Data

question 34

Multiple Choice

Which of the following techniques are applicable to quantitative data?

• A) The data array
• B) Frequency distributions
• C) Stem-and-leaf display
• D) Scatter diagram and Dotplot
• E) All of these

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Definitions:

Bernoulli's Theorem

A principle in probability that describes the behavior of binomial distributions under certain conditions.

Utility Theory

A framework in economics and finance that analyzes choices under uncertainty, emphasizing the satisfaction or utility derived from each possible outcome.

Central Limit Theorem

A statistical theory stating that the sampling distribution of the sample mean approaches a normal distribution as the sample size becomes large, regardless of the shape of the population distribution.

Expected Opportunity Loss

The expected loss resulting from not choosing the best alternative action.