Nominal variables - Study guides, Class notes & Summaries

WGU C207 DATA DRIVEN DECISION MAKING FINAL EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)AGRADE What are two reasons for the increasing use of analytics in organizational decisionmaking?Choose 2 answers. Relatively lower cost of computer storage Lower availability of statistical experts Higher cost of obtaining data Higher computer processing power - ANSWER- Relatively lower cost of computer storage Higher computer processing power H...

Test Bank for Marketing Research 12e 12th Edition by Carl McDaniel, Roger Gates. ISBN 6310. Full Chapters test bank included 1 Steps in Creating Market Insights and the Growing Role of Marketing Analytics 1 Marketing Research and Developing Market Insights 1 Marketing Research Defined 2 Importance of Marketing Research to Management 2 Understanding the Ever-Changing Marketplace 3 Social Media and User-Generated Content 3 Proactive Role of Marketing Research 4 Marketing An...

MAT 150 Final Exam Questions and Answers | Latest 2023/2024 | Straighterline. Which of the following is an example of a nominal variable? Select one: a. age b. gender c. height d. IQ Question 3 Correct 8.33 points out of 8.33 Flag question Question text What sort of data are temperature measurements? Select one: a. interval b. nominal c. ordinal d. ratio Question 4 Correct 8.33 points out of 8.33 Flag question Question text Based on the graph, which statement best describe...

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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...

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...

Straighterline Introduction to Statistics EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ 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 o...

QMB 3200 Test 2 UCF (Latest 2024/ 2025 Update) Review Questions & Verified Answers| 100% Correct| Grade A Q: Test of Independence Answer: Contingency Table Test. used to determine if there is a significant relationship between two nominal (categorical) variables. The frequency of each category for one nominal variable is compared across the categories of the second nominal variable. Use Chi-square Test Q: ANOVA (analysis of variance) Answer: Statistical models and their ass...

Purdue ECON 252 Exam 2 Latest Update Graded A capital accumulation the growth of capital resources, including human capital. when a country saves more, this grows faster. aggregate investment savings rate x GDP political creative destruction the process in which economic growth destabilizes existing regimes and reduces the political power of rulers. creative destruction refers to the process by which new technologies replace old ones, new businesses replace established companies, and new skil...

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...