Discrete variables can assume _ (any value / only certain values) any value only certain values, but continuous variables can assu (a) Define the four scales of measurement.(b) What are continuous and discrete
Discrete data refers to individual and countable items (discrete variables).When measuring a certain data stream with a complex result range, the findings are shown with a line as a data range (see: graphs on the right). Continuous data refers to change over time, involving concepts that are...
Quantitative variables can be further classified intoDiscreteandContinuous. Discrete variables can take on either a finite number of values, or an infinite, but countable number of values. The number of patients that have a reduced tumor size in response to a treatment is an example of a discre...
In addition, causal modelling approaches, including propensity scores and the use of instrumental variables, are presented. The importance of non-technical factors and of the biases that can be introduced by undertaking science in the real-world are highlighted....
What are the components seen on a basic frequency distribution? Give an example. What are the properties of a normal distribution, and can you provide some examples of how they might manifest themselves in real business situations? What attributes of discrete and continuous variables make them disc...
4. What are the different types of quantitative data? There are two main types of quantitative data: discrete and continuous. Discrete data Discrete data is quantitative data that can only take on certain numerical values. These values are fixed and cannot be broken down. When you count somethi...
In this type of study design, researchers will quantify two variables of relevance to their research question, and then statistically determine if the two variables are related to one another. For a correlational study, we may ask research questions such as: Is there a relationship between the ...
It incorporates random variables for asset price movements and calculates option prices based on the simulated paths.Lattice Models: Lattice models, such as the trinomial option pricing model and the Leisen-Reimer model, are variations of the binomial model that aim to improve accuracy by considering...
chapter_1_-_what_is_statistics What is Statistics?Chapter 1 LO1 LO1 List ways statistics is used.LO1LO1
What are the Independent Variable, Dependent Variable, Control, and Constants? The independent variable is the part of the experiment you choose to man..