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

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 ...

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...

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...

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 ...

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 ...

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...

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...

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...

Solution Manual for Statistics for Nursing Research A Workbook for Evidence-Based Practice, 3rd Edition, Susan Grove, Daisha Cipher Answer Guidelines for Questions to Be Graded Identifying Levels of EXERCISE Measurement: Nominal, 1 Ordinal, Interval, and Ratio 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....