GK
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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are always be numeric
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are always nonnumeric
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are the raw material of statistics
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none of these alternatives is correct
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Detailed explanation-1: -As quantitative data are always numeric they can be ordered, added together, and the frequency of an observation can be counted. Therefore, all descriptive statistics can be calculated using quantitative data.
Detailed explanation-2: -Non – numeric data is any form of data that is measured in non-number (or word) form. It makes use of symbols and letters. Such data can only be identified in a word format. For example, employee address, date of birth, name, etc.
Detailed explanation-3: -Numerical data refers to the data that is in the form of numbers, and not in any language or descriptive form. Often referred to as quantitative data, numerical data is collected in number form and stands different from any form of number data types due to its ability to be statistically and arithmetically calculated.
Detailed explanation-4: -Numerical data represent values that can be measured and put into a logical order. Examples of numerical data are height, weight, age, number of movies watched, IQ, etc. To graph numerical data, one uses dot plots, stem and leaf graphs, histograms, box plots, ogive graphs, and scatter plots.