Posted: February 16th, 2022

# Types of data e.g., categorical, quantitative, time series, cross-sectional

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Learning Goal: I’m working on a economics test / quiz prep and need an explanation and answer to help me learn.Hey, I need support in my Business Statistics exam and its 18 questions and practice questions 18 I need someone who is familiar with1. Types of data e.g., categorical, quantitative, time series, cross-sectional2. Definition of statistics and a statistic.3. The components of a data set and the measurement scales for data.4. The distinction between a sample and a population.5. Summary statistics and calculating them using Excel, these include the mean, median, quartiles, range,interquartile range, standard deviation and variance, coefficient of variation, z-scores.6. Summary statistics and calculate them using Excel for two variables, this includes covariance and correlation.7. Creating and interpreting graphical displays. This includes frequency, relative frequency, percent frequency,cumulative frequency tables, bar charts, histograms, box plots, cross-tabulation tables, scatter plots.8. Definitions for outliers and why identifying outliers is important.9. Basic concepts and rules relating to probabilities.10. Calculating probabilities, including conditional probabilities, from joint probabilities tables and/orcrosstabulation tables.11. Calculating conditional or posterior probabilities using Bayes Rule.

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