Review
Data Analysis Quiz
Test your knowledge of data analysis concepts with this comprehensive quiz! Designed for students and professionals alike, this quiz covers a range of topics from qualitative and quantitative data to measures of central tendency and data visualization techniques.
Whether you’re looking to brush up on your skills or challenge yourself, this quiz is perfect for you. Key areas include:
- Data categories and their properties
- Charts and tables interpretation
- Measures of central tendency
- Statistical dispersion and skewness
This table is used to represent categorical variables. One set of categories is labeling the rows and another is labeling the columns
When we want to represent two numerical variables on the same graph, we usually use a ______________
It is a measure of asymmetry that indicates whether the observations in a dataset are concentrated on one side
It could be thought of as a standardized measure. It takes on values between -1 and 1, thus it is easy for us to interpret the result
It is a common mistake to believe that the distribution is the graph. In fact the distribution is the ‘rule’ that determines how values are positioned in relation to each other.
It is a particular case of the Normal distribution. It has a mean of 0 and a standard deviation of 1.
It is one of the greatest statistical insights. It states that no matter the underlying distribution of the dataset, the sampling distribution of the means would approximate a normal distribution.
Subtracting the mean from all observations would cause a transformation from 𝑝~ μ, 𝜎 2 to 𝑝~ 0, 𝜎 2 , moving the graph to the origin
True
False
Subsequently, multiplying all observations by the standard deviation would cause a transformation from 𝑝~ 0, 𝜎 2 to 𝑝~ 0,1 , standardizing the peak and the tails of the graph.
True
False
It is a mathematical function that approximates a population parameter depending only on sample information
It is an interval within which we are confident (with a certain percentage of confidence) the population parameter will fall.
It is used predominantly for creating confidence intervals and testing hypotheses with normally distributed populations when the sample sizes are small.
We build the confidence interval around the point estimate.
True
False
This distribution has fatter tails than the Normal distribution and a lower peak. This is to reflect the higher level of uncertainty, caused by the small sample size.
It is a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.
To ________ the null means that there isn’t enough data to support the change or the innovation brought by the alternative.
To ________ the null means that there is enough statistical evidence that the status-quo is not representative of the truth.
It is the smallest level of significance at which we can still reject the null hypothesis, given the observed sample statistic
When we are testing a hypothesis, we always strive for those ‘three zeros after the dot’. This indicates that we ______the null at all significance levels.
__________ is a sequence or series of data points in which the time component is involved throughout the occurrence
A time series is a sequence of observations recorded at regular time intervals.
True
False
Mean reverting data returns, over time, to a time-invariant mean. It is important to know whether a model includes a non-zero mean because it is a prerequisite for determining appropriate testing and modeling methods
It is done to diagnose future behavior as well as to predict future behavior
True
False
__________is also a component where the time series data shows a regular pattern over an interval of time. It repeats after the fixed interval of time.
___________is one of the main characteristics of time series data. It occurs when the time series exhibits predictable yet regular patterns at time intervals that are smaller than a year.
Most often, time-series data shows a sudden change in behaviour at a certain point in time. Such sudden changes are referred to as structural breaks.
They can cause instability in the parameters of a model, which in turn can diminish the reliability and validity of that model. Time series plots can help identify structural breaks in data
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