3 Questions
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Created by
@CoolestPrudence

Which type of data is categorical in nature?

• Temperature
• Gender (correct)
• Income
• Age
• What is the purpose of business statistics?

• To develop marketing strategies
• To manage human resources effectively
• To analyze and interpret data for making informed business decisions (correct)
• To create financial statements for tax purposes

• 25 (correct)
• 21
• 18
• 30
• Study Notes

Data Types

• Categorical data is a type of data that can be grouped into categories or labels.

• The purpose of business statistics is to collect, analyze, and interpret data to make informed business decisions.

Median Calculation

• To find the median of a set of numbers, first arrange the numbers in order from smallest to largest.
• If the set of numbers has an odd number of values, the middle value is the median.
• In the given set of numbers: 12, 15, 18, 21, 25, 30, 35, the median is 21 since it is the middle value when the numbers are arranged in order.

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Description

Test your knowledge of business statistics with this quiz. Explore the purpose of business statistics, identify categorical data, and solve for the median of a given set of numbers. Brush up on your statistical skills and enhance your understanding of data analysis in the business context.

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