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Introduction to Statistics: Data and Analysis

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Introduction to Statistics: Data and Analysis

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Questions and Answers

What is the main goal of statistics?

To collect and organize data
To communicate knowledge concerning some particular fact
To gain information and knowledge from data (correct)
To simulate human intelligence in machines

What is the raw material of statistics?

Information
Facts
Qualitative data
Quantitative data (correct)

Which type of data includes numerical facts like weights and ages?

Quantitative data (correct)
Qualitative data
Facts
Information

What is the definition of Information?

Knowledge communicated concerning some particular fact (A) Signup and view all the answers

What is Artificial Intelligence (AI)?

The simulation of human intelligence in machines using statistics (C) Signup and view all the answers

What is the science of conducting studies to collect, organize, analyze, and draw conclusions from data?

Statistics (C) Signup and view all the answers

What is the main difference between qualitative and quantitative data?

Quantitative data measures on a naturally occurring numeric scale (A) Signup and view all the answers

What is the primary data source?

Collecting your own data for analysis (C) Signup and view all the answers

What is the main reason for using samples in statistical studies?

Due to the expense and time (B) Signup and view all the answers

Which method involves the collection of data from every element in a population?

Census (D) Signup and view all the answers

What is an example of nominal data?

{Pass | Fail} (D) Signup and view all the answers

What characterizes an infinite (uncountable) population?

Is impossible to count individually (A) Signup and view all the answers

What is the most valuable resource according to The Economist in 2017?

Data (A) Signup and view all the answers