EXST 2201 EXAM QUESTIONS AND ANSWERS GRADED
A++ LATEST UPDATE
Probabilistic Data
Predicts the long run of data
Sampling
a subset of a population; finite number
Population
Totality of elements; infinite number
N
number of observations
Qualitve data
labels; categorical
Nominal Data
data of categories only. Data cannot be arranged in an ordering scheme. (Gender,
Race, Religion)
Oridinal Data
categories with implied order (big, medium, small)
Quantitive data
numerical data
discrete data
Data that can only take certain values (number of cars/children)
A++ LATEST UPDATE
Probabilistic Data
Predicts the long run of data
Sampling
a subset of a population; finite number
Population
Totality of elements; infinite number
N
number of observations
Qualitve data
labels; categorical
Nominal Data
data of categories only. Data cannot be arranged in an ordering scheme. (Gender,
Race, Religion)
Oridinal Data
categories with implied order (big, medium, small)
Quantitive data
numerical data
discrete data
Data that can only take certain values (number of cars/children)
