For instance, use of mystery shoppers is one of the best examples of data collection through observations. In statistics, nominal scale is used as the measurement scale binary data. In this type of sampling, researchers have the authority to choose or select only those elements that are convenience to select. However, these problems will be solved by doing the analysis of historical and current data with the help of statistical methods or techniques. These methods will help the economics to identify the problems and give recommendations in order to solve the economic issues.
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We strongly adhere to and abide by all copyright laws, and condone our writers to honor all such regulations. Statistics is the science of formulating decisions through the use of empirical facts and quantitative data. The other kind of data collection method is sampling. The numbers 0 and 1 function as yes or no. We have best payments options through which our customers pay to us in order to get stats help from our professionals.
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The categorical data can be written in the form of number that starts from 1 and ends at infinity value. On the other hand, researcher can design an experiment for the respondents in order to do data collection. In marketing research, a company or business conducts a research from the customers in order to take their insights about new product of company. Each data type has its specific characteristics that should be incorporate with the data collection methods. We have best payments options through which our customers pay to us in order to get stats help from our professionals.
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The statistics which are used in the binomial data type are correlation, standard deviation, median, mode and mean. Therefore, this statement shows the statistical thinking of a person. However, the favorable statistics of this data type are coefficient of variation, harmonic mean as well as geometric mean. Thousands of customers are registered at our statistics homework help in order to get professional help for the course of statistics. Work performance and stress is one of the best examples of the causal studies.
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Statistics has different kinds of data categories which should be identified in order to do correct data analysis. The example of categorical data type is the selection of a political party by an individual in order to become a member. Use graphs, tables, or pictures in order to make the data more understandable. We offer our stats help service for the students of different countries such as australia, france, united kingdom, germany, usa, and many others. Ordinal scale is the level of measurement which is used to measure ordinal data.
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