Statistics
Statistics
I.
Data can be defined as a collection of facts, values,
measurements, or observations that can be processed,
analyzed, and interpreted to extract meaningful insights
and information. Data serves as the raw material from
which patterns, trends, relationships, and conclusions
can be derived.
Sources of data can be either primary or secondary.
Primary data is collected directly from the source,
provides original and fresh information, and ensures
more accuracy, validity, and reliability. On the other
hand, secondary data is already gathered by other
people; this data can come from various sources, such as
books, Google, research studies, etc., and it consumes
less time, cost, and effort.
Quantitative and Qualitative
QUANTITATIVE:
• Discrete Data:
Discrete data consists of numerical values that are
distinct and separate, often whole numbers.
Examples include counts of items like the number of
students in a class or the number of cars in a parking lot.
• Continuous Data:
Continuous data consists of numerical values that can
take on any value within a certain range. It is often
measured and represented as decimal or fractional
values.
Examples include measurements like height, weight,
temperature, and time.
QUALITATIVE DATA:
Qualitative data consists of non-numerical information
that provides context, depth, and understanding of
complex phenomena. This type of data focuses on
descriptions, interpretations, and subjective experiences.
•Nominal Data
Nominal data is a type of qualitative data that represents
categories with no specific order or ranking.
Examples include gender, colors, or types of fruit.
Nominal data is used for labeling and categorization
purposes.
•Ordinal Data:
Ordinal data is also qualitative data that represents
categories with a specific order or ranking.
Examples include socioeconomic status categories (e.g.,
low, medium, high) or education levels (e.g., elementary,
high school, college). Ordinal data can be used for
ranking or ordering purposes.