Nominal data - Study guides, Class notes & Summaries

Cambridge International AS & A Level ECONOMICS 9708/02 Paper 2 AS Level Data Response and Essays For examination from 2023 MARK SCHEME

Four steps in the process of statistics correct answer: 1. Producing Data 2. Exploratory Data Analysis 3. Probability 4. Inference Categorical variable correct answer: places individuals into one of several groups Two types: nominal and ordinal Quantitative Variable correct answer: represents a measurement or a count Two types: Interval and ratio Nominal Variable correct answer: categorical variables where there is no natural order among the categories Ordinal variable corre...

ECS1601 Assignment 4 Semester 2 2023 (SOLUTIONS/ANSWERS) Question 1 Answer saved Marked out of 1.00 Flag question Question text The distribution effects of inflation are best described by … a. the elderly benefiting at the expense of the young. b. creditors benefiting at the expense of debtors. c. borrowers benefiting at the expense of lenders. d. the poor benefiting at the expense of the rich. Clear my choice Question 2 Answer saved Marked out of 1.00 Flag question Quest...

A set of standards that provides universal names and codes for laboratory and clinical results is . Answer - Logical Observation Identifiers Names and Codes (LOINC) High-quality information is contingent on . a. Computerized decision support b. Systems integration c. Knowledge management d. Reliable data Answer - d. Reliable data The individual most likely to lead strategic planning for a healthcare organization's information system is the . a. CEO b. HIM director c. CIO d. Medical ...

1. When calculating a Pearson's correlation coefficient, it is necessary that both variables have approximately normal distributions. - True 2. The variable "Group assignment" is an example of what level of measurement? - Nominal 3. Statistics that allow for inferences to be made about a population from the study of a sample are known as: - Inferential 4. Which measure of variability is used most often in conjunction with the mean? - Standard deviation 5. Data that are categorical b...

WGU C207 OA Questions and Answers 100% Pass Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index assign a weight to allow for...

WGU C207 Final Self-Assessment Questions and Answers Latest Update 2023/2024. Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Te...

The students in a class are given an exam with a maximum score of 100. Their numerical scores are an example of what type of data? 80 55 60 80 75 95 90 Correct Answer: Ratio (since a the score is given we know it is not nominal, it is not in order so it is not ordinal nor is it written in interval form) These exam scores are an example of ratio data because there is a meaningful zero point for these data, and because the ratio of two scores is meaningful. That is, a score of zero ...

ECOW correct answers Economic data watch: finds most important data by country Essential economic indicators correct answers Economic growth Inflation Unemployment Business confidence Housing Economic growth: gdp correct answers Market value of all final goods and services produced in a country Broadest and most comprehensive barometer of economic activity GDP = C + I + G + (X-M) correct answers C= personal consumption (food) I= private investment (a factory) G=government consu...

COB 191 final 2023 Exam Questions And Answers using information obtained from a sample to estimate a characteristic of a population is - ANSWER- inferential stats which of the following can be reduced by proper interviewer training? - ANSWERmeasurement error if you are unsure about one section of data, what type of statistical error can occur? - ANSWER- measurement error What type of data is: your professor's name - ANSWER- qualitative categorical data/nominal What type of data is: ...