What is nominal data - Study guides, Class notes & Summaries

PYC3704-exam-prep - Assignments questions and answers Psychological Research (University of South Africa) lOMoARcPSD| PYC3704 – Psychological Research Topic 1 Inferential Statistics – concerned with inferring numerical properties of statistical populations from sample data Theory:  Accounts for facts and suggest how they are related to each other. A framework of ideas that provides an explanation of something  The theory – if true – implies what we should observe under...

Bloomberg Market Concepts Knowledge check | Latest 2023/2024 solutions The primary of GDP --Main measure of economic activity 8% compounded annual growth since about 1960 In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. what does this event reflect about the nature of GDP? -Because the GDP is official, its numbers are not subject to interpretation. -Governments are required to change GDP calculations every five years. -Inputs to GD{ are all qualitative, not quantitati...

what are the four levels of measurement? - ANS: nominal, ordinal, interval, ratio (NOIR) which levels of measurement represent qualitative data? - ANS: nominal and ordinal which levels of measurement represent quantitative data? - ANS: interval and ratio what central tendency measure is most appropriate for nominal data? - ANS: mode what central tendency measure is most appropriate for ordinal data? - ANS: median - could calculate mode as well what central tendency measure is mos...

Econ-102-PSU-Exam-1 (2023/2024) Already Passed Incentives rewards or penalties for engaging in a particular activity Economics The study of how people allocate their limited resources to satisfy their unlimited wants Resources things used to produce goods and services to satisfy people's wants Wants what people would buy if their incomes were unlimited Microeconomics the study of decision making undertaken by individuals and by firms Macroeconomics the study of the behavior of the economy ...

WGU C207 - Data-Driven Decision Making - PreAssessment Questions and answers Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gol...

Chapter 4: Measures of Variability Test Bank Multiple Choice 1. Numbers that describe diversity in a distribution are referred to as measures of a. central tendency. b. association. c. variability. d. standard deviation. Ans: c Learning Objective: 4-1: Explain the importance of measuring variability Cognitive Domain: Knowledge Answer Location: Measures of Variability Difficulty Level: Easy 2. Which measure of variability is used for nominal variables such as race and ethnicity...

EPPP Exam Questions and Answers Already Passed In which type of graph do the bars touch to indicate the overlapping nature of the data? a) bar graph b) histogram c) pie chart d) scatterplot histogram Which scale of measurement is dichotomous/categorical and does not have a sp order, equal intervals or an absolute zero? a) nominal b) ordinal c) interval d) ratio nominal Which scale of measurement would be used to measure the places achieved in a horse race? a) nominal b) or...

Analytics is a broad term that refers to a variety of tools that inform managerial decisions.Which term can be used to describe managerial decisions? CORRECT ANSWERS: Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? CORRECT ANSWERS: Relatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? CORRECT ANSWERS: By quantifying risk Which type of data ar...

What is a forensic anthropologist, and what do they do? (Lecture 2, Davis and Halla-Borrelli article)) CORRECT ANSWER Deals with skeletonized or decomposed remains for the purpose of aiding in a legal investigation. Nominal CORRECT ANSWER discrete and discontinuous data that are classified according to some qualitative measure that cannot be placed in a specific order ordinal CORRECT ANSWER discrete data that can be ranked, counted, and ordered, but not measured interval CORRECT ANSWER ...

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. Temperature is not a measure that comes in increments (discrete) but is co...