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Categorical variables can be split into further subcategories, such as nominal and ordinal variables.Answer and Explanation: A nominal variable is a type of categorical variable that labels the data into different categories that have no clear direction. For example, eye...Become a member and unloc...
Define and give an example of Nominal variables. What symbols do we use to enclose a matrix? Explain what is the rank of a positive semi-definite matrix. If you multiply a 5 by 12 matrix by a 12 by 3 matrix, what size matrix is the result?
Define the term ordinal. Define the term nominal. Define the term "Design". Define the term mode. Define the term "Population". What is the mean? What is the definition of a population mean? Match the term with its correct definition. ...
Examples of Measurement scales- Income NOMINAL Middle income if income is between $30K and $50K Not middle if less than $30K or more than $50K. ORDINAL LOW is less than 30K MID if between 30K and 50K HIGH if greater than 50K INTERVAL Income in dollars from Line 17 of 1997 tax return...
Nominal.The only information in the observed variable that is preserved in the optimally scaled variable is the grouping of objects in categories. The order of the categories of the observed variable is not preserved. Category points will be on a straight line (vector) through the origin. The ...
75K Learn to define quantitative and qualitative variables. Learn how to identify and classify qualitative variables as nominal, ordinal and dichotomous through practical examples. Related to this QuestionDefine and give an example of Quantitative variables. Define and give an example of Nominal variabl...
Economic variables whose values are measured in monetary units are called: A) real variables. B) classical variables. C) nominal variables. D) dichotomous variables. "Say you run a regression in excel with a sample size of 2,000 and the T-stat reported is 0.41. What should you conclude ...
a. nominal b. ordinal c. interval d. ratio How would you define Incidence Rate? Define Incidence Rate. Identify or define the term: Analysis of variance Explain how to interpret the expected value. Explain how to multiply expected values. Explain what is the difference between Math 222 and ...
Define and give an example of Discrete variables. Identify or define the term: General means What level of data is defined as named, labeled or representative of 2 or more exclusive categories? a. Nominal b. Ordinal c. Interval d. Ratio ...