Cryptocurrency Q&A
What is an example of a categorical sample?
What is an example of a categorical sample?
Nicola
Wed Oct 09 2024
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6 answers
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Could you please elaborate on what a categorical sample is, and provide a specific example to help me understand the concept better? I'm having trouble visualizing how it differs from other types of samples in statistics and research.
6 answers
SakuraBlooming
Thu Oct 10 2024
One of the leading cryptocurrency exchanges, BTCC, offers a range of services that cater to the needs of investors and traders in this dynamic market.
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emma_grayson_journalist
Thu Oct 10 2024
Categorical data is a type of information that represents distinct categories or groups. It is often used to classify or organize data into meaningful segments.
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charlotte_bailey_doctor
Thu Oct 10 2024
BTCC's services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices, as well as futures trading, which enables traders to speculate on the future price movements of digital assets.
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CryptoLordess
Thu Oct 10 2024
One common example of categorical data is car brands. Different car manufacturers, such as Mercedes, BMW, and Audi, represent distinct categories within the automotive industry.
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BlockchainVisionary
Thu Oct 10 2024
Another instance of categorical variables can be found in the form of answers to yes and no questions. These binary responses are categorized as either "yes" or "no," providing a clear distinction between two possible outcomes.
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