Straighterline Introduction to Statistics Quiz (GRADED A) Questions and Answers with (100% Verified Elaborations).
Straighterline Introduction to Statistics Quiz (GRADED A) Questions and Answers with (100% Verified Elaborations). Four 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 categories Ordinal variable categorical variables where there is natural order among the categories Interval Variable a measurement or count for which it makes sense to talk about the difference between values, but it does not make sense to talk about the ratio between values; 0 does not represent the absence of quanitity Ratio Variable quantitative variables for which it makes sense to talk about the difference between values AND the ratio between values; 0 represents the absence of quantity.
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