Nominal variable - Study guides, Class notes & Summaries

QMB 3200 Test 1 UCF (Latest Update) Questions & Verified Answers| 100% Correct| Grade A Q: When the data are labels or names used to identify an attribute of the elements and the rank of the data is meaningful, the variable has which scale of measurement? ordinal nominal interval ratio Answer: ordinal Q: Which of the following is an example of quantitative data? the player's number on a baseball uniform the part number of an inventory item the serial numbe...

Types of random variables - ANSWER discrete and continuous discrete - values are limited (nominal and ordinal) continuous - values are not (interval and ratio) Discrete Variable - ANSWER Can only be limited number of values within a given range Nominal and ordinal data Discrete Variable Subtypes - ANSWER Nominal - classification into groups that are not ordered or ranked (yes/no; gender; race; etc.) Ordinal - classification into groups that are ranked or tied to seve

Biostatistics BCPS questions and answers 2023Discrete Variables Can only take a limited number of values within a given range. 1. Nominal 2. Ordinal Nominal Data Discrete Variable Data of categories only, unordered, with no indication of relative severity. Data cannot be arranged in an ordering scheme. (Gender, Race, Religion, mortality, disease state) 00:56 01:13 Ordinal Data Discrete Variable Placed in categories and rank ordered, distance between categories may ...

nominal, ordinal, interval, ratio Correct Answer-What are the 4 Levels of Measurement? Hint: N.O.I.R Categorical variable Correct Answer-A variable that has a finite number of classification groups/ categories, which are usually qualitative in nature Continuous variable Correct Answer-A variable that has a infinite number of potential values, with value being measured falling somewhere on a continuum containing in-between values. Empirical method Correct Answer-What method is a way ...

Straighterline Introduction to Statistics questions with complete solutions 2023Four steps in the process of statistics 1. Producing Data 2. Exploratory Data Analysis 3. Probability 4. Inference Categorical variable places individuals into one of several groups Two types: nominal and ordinal Quantitative Variable represents a measurement or a count Two types: Interval and ratio Nominal Variable categorical variables where there is no natural order among the categori...

Nominal; ratio Correct Answer-A person's race would be an example of a(n) ________ variable, while a person's age would be an example of a(n) ________ variable. • Ordinal; ratio • Nominal; ratio • Nominal; interval • Ratio; nominal Manhattan Correct Answer-In cluster analysis, this type of distance measurement allows for only horizontal and vertical movements (also known as city-block distance): • Manhattan • Euclidean • Chebyschev • Minkowski Standard deviati...

BUSI 820 Quantitative Analysis; DESCRIPTIVE STATISTICS, ORDINAL SCALE AND DICHOTOMOUS VARIABLE 2024 with complete solution; Liberty University Descriptive Statistics, Ordinal Scale and Dichotomous Variable 3 4.1. (a) Compute skewness for variables with five or more ordered levels 4 4.1. (b) Describe the results 4 4.1. (c) Which variables in the dataset are approximately normally distributed/scale? 5 4.1. (d) Which ones are ordered but not normal? 6 4.2. (a) Do a stem-and-leaf plot for th...

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

IOP2601_ASSIGNMENT 4_ SEMESTER 2_2024 (a) The selected group of 250 postgraduate students is your sample. (b) The dependent variable in the study is commitment. (c) This type of research would be classified as inferential statistics. (d) In the given hypothesis, the independent variable is work engagement. (e) Nominal variables indicate differences between categories of objects, persons, or characteristics. (f) The scale of measurement that uses numbers as labels distinguishing categorie...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...