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A novice investor would like to figure out which of three Digital Currencies (Bitcoin, Ethereum, and Dogecoin) they should invest $1000 in. To do so
A novice investor would like to figure out which of three Digital Currencies (Bitcoin, Ethereum, and Dogecoin) they should invest $1000 in. To do so they look at the daily returns of the three currencies over the last 365 days.
a. Identify the population in this case.
b. Identify a/the sample in this case.
c. What is the variable of interest?
d. Is this variable qualitative or quantitative?
e. Give an example of 5 values we might observe in the sample.
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