Quick numerical economics | Episode 1
?Question of a data
What’s a data?
>> ANS: A Facts and Statistics collected together. (Oxford Dictionaries)
>> ANS: The Facts and Figures collected. (Statistics, Revised 12e)
What’s an interested data?
>> ANS: Call an interested data yourself as a data set.
What’s a component of data set?
>> ANS: A Component of data set is Element(is an entities on which data), Variable(is a characteristic of interest for the element), and Observation.
?Question of an observation
Scales of Measurement: Nominal-, Ordinal-, Interval-, and Ratio-Scale
Next: How to get an information from a data.