What is discrete data?
Exact values that can be counted
What are continuous variables?
Values within a range - eg age 18-24
Information should be ACCURATE. What does this stand for?
Accurate
Complete
Cost-beneficial
User targeted
Relevant
Authoritative
Timely
Easy to use
Match the key terms to their definitions
a) Descriptive statistics
b) Inferential statistics
c) Exploratory data analysis
d) Confirmatory data analysis
a4
b2
3c
d1
Match the key terms to their definitions
a) Simple Random Sampling
b) Systemic Sampling
c) Stratified Sampling
a 2
b 1
c 3
What are type 1 and type 2 errors in hypothesis testing?
Type 1: False positive, where the null hypothesis is true but is rejected because the sample results are significantly different
Type 2: False negative, where the null hypothesis is false but is accepted because the sample agrees with it
What are the four Vs of big data?
Volume
Velocity
Variety
Veracity - trustworthiness
What is the difference between structured and unstructured big data?
Structured - collected with a purpose in mind
Unstructured - collected without an objective