Question

In: Statistics and Probability

Find one data set. 50 datums minimum You may use NBA, NHL, MLB, stock market, coinmarketcap...

Find one data set. 50 datums minimum

You may use NBA, NHL, MLB, stock market, coinmarketcap (crypto currency) or any other type of data.

What type of data is it? Ordinal? Interval? Ratio?

Create a frequency distribution with 7 classes.

Create a Histogram based on data.

Find: Data Frequency, Percent, Cumulative frequency, Cumulative Percent

Create a step by step frequency distribution in Excel for data ( set boundaries, midpoint, frequency, percentage, cumulative frequency and cumulative percentage).

Solutions

Expert Solution

ANS- We are taking a data of a universities students from different department and collecting information about gender, category and raise a question -" My personality is attractive or not, bothers me." response of this qus taken on followed by 5 alternative responses ranging from Always ,Very Often, Sometimes, Rarely, Never. The five point scale was awarded 1-5 scores.

Data are given below

EXPLAINATION- Data of gender and category is taken on Nominal scale while data on question that personality is bother or not is taken on likart scale which is ordinal data . For more clarification see below the definition of different scales.


• NOMINAL –
Categorical variables without any order or ranking sequence such as names or classes (e.g., gender). Binary- two categories, multinomial- more than two categories.
• ORDINAL –
Variables with an inherent rank or order, e.g. mild, moderate, severe. Can be compared for equality, or greater or less, but not how much greater or less.
• INTERVAL –
This scale has the properties of the nominal and ordinal scales, but here the magnitude between the consecutive intervals are equal. Temperature is the example that is usually given to illustrate an interval scale.e.g. Attitude scales, Calendar years .
• RATIO SCALE -
Ratio scales have all of the characteristics of the nominal, ordinal and interval scales. In addition, however, ratio scales have a true zero. This is the kind of scale that you used when you learned arithmetic in grade school. You assumed that the numbers had meaning, that they had rank order (3 is larger than 2), that the intervals between the consecutive numbers were equal and that there was a zero. Four was twice two; eight was half of sixteen etc. There are true ratios. One can use all mathematical operations on this scale.e.g: weight, height, time, distance.



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