Question
1. Data treatment An aspiring speculator on non-fungible tokens (NFT) needs to open an NFT marketplace account. They collect the current volumes of trade on
1. Data treatment
An aspiring speculator on non-fungible tokens (NFT) needs to open an NFT marketplace account. They collect the current volumes of trade on a few popular marketplaces. | OpenSea $76 m CryptoPunks $3 m Axie $2 m NBA top shot $1 m Atomic 0.5 m |
(a) For this study, determine:
Are these marketplaces the population, the frame, or the sample of the study? Explain why. Would the smallest value of the five values be a statistic or a parameter? Is it a descriptive, predictive, or prescriptive study? |
(b) Determine scales of data measurement (explain where unsure):
LooksRare marketplace has lost 17% of trade volume recently | |
Most NFTs are built on the Etherium blockchain, but there are exceptions: AtomicMarket relies on Worldwide Asset eXchange, WAX. | |
LooksRare is the biggest marketplace, OpenSea is the second, and Magic Eden holds the third place by trade volume. | |
There currently are 1,155 traders on LooksRare and 41,887 on OpenSea |
(c) A website, dappradar.com, reports the marketplace name, average NFT price, number of traders, and daily trade volume for each marketplace.
List the variables in this study:
What is an observation in this study?
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