In: Accounting
Identify and list various categories of data that are used in
statistical analysis. Give few suitable examples.
Categories of data
Norminal data
these are discrete units and used for label variables which do not have a quantitative form and dont have a order also
example; Gender-male or female ,Known languages-English,spanish,German
Ordinal data
Thses are in form of an order and discrete units.It is commonly deals with non numeric data
example;Acadamic grade-A,B,C,D ,Attitudes-strongly disagree,disagree,nuetral,agree,strongly agree
Discrete data
Data that can be counted but cannot be measured.
example- number of students in a class, number of books in a bag etc
Continuous data
Data that can be measured not countable
example- hieght of a person, weight of a person etc
Interval data
Data that are ordered with same difference.ie difference between the values are same
example-temperature (-5,0,5,10 etc)
Ratio data
same as an interval data,but it contains an absulute zero value
example-measurement of hieght,weight