About This Chapter
Quantitative Analysis in Business - Chapter Summary
Brush up on your knowledge of quantitative analysis in business by looking through each of the lessons in this chapter. By going through these videos, you can recall the different types of data, how to calculate information, and how to display data visually. At the end of the chapter, you should have a better grasp on the following:
- Using categorical data for statistical analysis
- Incorporating categorical data in tables and analysis
- Using cumulative and relative frequency tables
- Percent increase calculation formulas
- The uses of two-way tables and histograms
- Quantitative data and showing connections between two quantitative variables
- Definitions or shape, spread, and center
- The functions of graphs and charts
- Reading graphical representations of data
- Making predictions with categorical data vs. quantitative data
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1. Statistical Analysis with Categorical Data
Learn why percentages are so important when analyzing categorical data in this video lesson. Watch as the data is turned into a data table and a visual bar graph as ways to analyze the data.
2. Summarizing Categorical Data using Tables
Watch this video lesson to find out why data tables are an excellent way to summarize your categorical data. Learn what you need to do to your data before constructing a table and the two ways you can show your data.
3. How to Calculate Percent Increase with Relative & Cumulative Frequency Tables
In statistics, one way to describe and analyze data is by using frequency tables. This lesson will discuss relative and cumulative frequencies and how to calculate percent increase using these two methods.
4. What is a Two-Way Table?
Do you believe in Martians? Do you watch football on television? A Two-Way Table or Contingency Table is a great way to show the results of all kinds of survey questions. In this video we will learn how to read a two-way table.
5. Make Estimates and Predictions from Categorical Data
Categorical data can be estimated but not predicted. Learn why in this video lesson along with how to read and gather information from a bar graph of categorical data.
6. What is Quantitative Data? - Definition & Examples
Watch this video lesson to find out the difference between saying you have seven apples and saying that those apples are delicious. You will learn about quantitative data and why it is useful.
7. What is a Histogram in Math? - Definition & Examples
Watch this video lesson to see how useful a histogram can be when you need to show a bunch of data in an easy to read format. Also, learn how you can easily gather the information you need from looking at a histogram.
8. What are Center, Shape, and Spread?
Center, shape, and spread are all words that describe what a particular graph looks like. Watch this video lesson to see how you can identify and explain each.
9. Describing the Relationship between Two Quantitative Variables
In this video lesson, you will learn about quantitative variables, what they are, and how one variable relates to another. You will learn why this is important and why it can sometimes even save lives.
10. Reading and Interpreting Line Graphs
Watch this video lesson to find out how useful line graphs can be and how much information you can gain just from looking at one. Learn how you can apply that information in your own life to help you make better decisions.
11. Understanding Bar Graphs and Pie Charts
In this lesson, we will examine two of the most widely used types of graphs: bar graphs and pie charts. These two graphs can provide the reader with a comparison of the different data that is displayed.
12. Interpreting Graphical Representations
After watching this video lesson, you will be able to quickly and easily read and interpret any line and bar graph. You will be able to gather important information by just looking at one of these graphs.
13. Making Estimates and Predictions using Quantitative Data
Watch this video lesson to learn how you can read a scatter plot to learn more about a particular situation. Also learn how you can make estimates within the range of data you have and predict what may happen outside the range of data.
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Other chapters within the GACE Business Education (542): Practice & Study Guide course
- Ethics in Business
- Understanding Contract Law
- Government Regulation of Business
- The Ethics of Advertising, Marketing & Privacy
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- Employment Law
- Collective Bargaining & Unions
- Workplace Communication
- The Central Bank & Monetary Policy
- Economic & Political Systems
- Basics of Economics & Finance
- Economic Indicators
- Fiscal & Monetary Policies in Economics
- International Trade Laws & Regulations
- Financial Management & Planning
- Fundamentals of Money & Banking
- Principles of Personal Finance
- Securities Market Basics
- Creditors' Rights in Business Law
- Negotiable Instruments
- Insurance & Managing Risk
- Business Planning & Organizational Design
- Organizational & Group Behaviors in Business Management
- Management Styles & Theory
- Leadership and Management
- Motivation in Business Management
- Strategic Decision Making & Problem Solving
- Work Groups & Teams
- Human Resources Basics
- Employee Benefits
- Production & Operations Management
- Computation in Business
- Basic Statistical Analysis for Business
- Accounting Fundamentals
- Customer Relationship Strategies & Maintenance
- Starting a New Business
- E-Commerce Business Models
- Use of Information Systems in Business
- Business Software
- Network Systems Technology Overview
- Information Security & Protection
- Career & Professional Development in Business
- GACE Business Education Flashcards