Nominal data - Study guides, Class notes & Summaries

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...

BMC questions with correct answers 2023 updatedECOW - correct answer Economic data watch: finds most important data by country Essential economic indicators - correct answer Economic growth Inflation Unemployment Business confidence Housing Economic growth: gdp - correct answer 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 answer C= personal consumption (food) I=...

MAT 150 Final Exam Questions and Answers | Latest Update 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 de...

Basic Statistics for Business and Economics, 9e (Lind) Chapter 3 Describing Data: Numerical Measures 1) A value that "attempts to pinpoint the center of a distribution of data" is referred to as a measure of location. Answer: TRUE Explanation: The purpose of a measure of location is to pinpoint the center of a distribution of data. An average is a measure of location that shows the central value of the data. Four measures of location are discussed in the text: the arithmetic mean, the media...

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...

Test Bank for Corporate Finance: A Focused Approach 8th Edition 8e by Michael C. Ehrhardt; Eugene F. Brigham. ISBN 4638 Full Chapters test bank included Chapter 1: An Overview of Financial Management and the Financial Environment 1-1 The Five-Minute MBA 1-2 Finance From 40,000 Feet Above 1-3 The Corporate Life Cycle 1-4 Governing a Corporation 1-5 An Overview of Financial Markets 1-6 Types of Claims on Future Cash Flows: Financial Instruments, Financial Assets, and Financial Sec 1-7...

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...

Solution Manual for Statistics for Nursing Research A Workbook for Evidence-Based Practice 3rd Edition Susan Grove Daisha The questions are in bold followed by answers. 1. In Table 1, identify the level of measurement for the current therapy variable. Provide a rationale for your answer. Answer: The current therapy variable was measured at the nominal level. These drug categories were probably developed to be exhaustive for this study and included t...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

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...