Understanding Statistics in Data-driven Economy

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Questions and Answers

Which type of data has constant differences between observations with arbitrary zero points and can only be added and subtracted?

  • Ratio data
  • Nominal data
  • Interval data (correct)
  • Ordinal data

Which type of data involves categories that cannot be multiplied, divided, added, or subtracted?

  • Ratio data
  • Nominal data (correct)
  • Interval data
  • Ordinal data

What distinguishes ratio data from interval data?

  • Ratio data has a true zero point. (correct)
  • Ratio data lacks constant differences between observations.
  • Ratio data has arbitrary zero points.
  • Ratio data can only be ordered.

Which type of data involves values that can be compared in terms of order but cannot be added or subtracted?

<p>Ordinal data (A)</p> Signup and view all the answers

Which type of data does not have a true zero point and allows negative numbers?

<p>Interval data (C)</p> Signup and view all the answers

What is the primary focus of a pie chart?

<p>Depicting proportions, ratios, shares, percentages (C)</p> Signup and view all the answers

Which type of chart should NOT be used for displaying frequency distribution?

<p>Pie chart (B)</p> Signup and view all the answers

In a frequency distribution, what does the frequency represent?

<p>The number of observations in each class (A)</p> Signup and view all the answers

What is the purpose of a donut plot in data visualization?

<p>Depicting proportions and percentages (A)</p> Signup and view all the answers

How do you calculate the midpoint in a frequency distribution?

<p>(Lower limit + Upper limit) / 2 (C)</p> Signup and view all the answers

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