STATISTICS EXAM | QUESTIONS &
ANSWERS (VERIFIED) | LATEST
UPDATE | 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 or a count
Two types: Interval and ratio
Nominal Variable
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, Correct Answer: categorical variables where there is no natural order among the
categories
Ordinal variable
Correct Answer: categorical variables where there is natural order among the
categories
Interval Variable
Correct Answer: 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
Correct Answer: 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
What type of variable?:
eye color
Correct Answer: nominal
What type of variable?:
socioeconomic status with categories low, med, high
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