Data Flashcards
1
Q
What is categorical data?
A
Data that has names (race, gender)
2
Q
What is Continuous data?
A
Only between the lowest and highest bracket
3
Q
What is discrete data?
A
Only has certain values (shoe size)
4
Q
What is ordinal data?
A
Has a natural order (places in a race)
5
Q
What is nominal data?
A
Has no order (colours)
6
Q
What is numerical data?
A
Data with numbers
7
Q
What is univariate data?
A
One variable
8
Q
What is Bivariate data?
A
Two variables
9
Q
What is the formula to find the repayments in a reducing balance loan?
A
R = (r(1+r) /\ n) / (1+r) /\ n-1
