Convincing Features
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Question 1
Differentiate between nominal, ordinal, ratio, and interval data. Provide one example for each type of data.
Question 2
Based on descriptive statistics for Average Consumption/Year below, interpret mean, median, standard deviation, variance, Kurtosis, and Skewness values.
Question 3
Interpret all key regression results and hypothesis tests based on the summary output below. The proposed model for the output given is: Current salary = β0 + β1 beginning salary + β2 previous experience + β3 education
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