Explain each slides. (Ratios, Proportion and Percentage)
Ratios is defined as quantitative data, having the same properties as interval data, with an equal and definitive ratio between each data and absolute \"zero" being treated as a point of origin. In other words, there can be no negative numerical value in ratio data. Example Four people are randomly selected and asked how much money they have with them. Here are the results : $20, $40, $60, and $80. > Is there an order to this data? Yes, $20 Are the differences between the data values meaningful? Sure, the person who has $40 has $20 more than the person with $20. > Can we calculate ratios based on this data? Yes, because $0 is the absolute minimum amount of money a person could have with them. > The person with $80 has four times as much as the person with $20. , Ratio data has all properties of interval data such as data should have numeric values, a distance between the two points are equal, etc. but, unlike interval data where zero is arbitrary, in ratio data, zero is absolute. > An excellent example of ratio data is the measurement of heights. Height could be measured in centimeters, meters, inches, or feet. It is not possible to have a negative height. Ratio data Analysis Ratio data, alongside the 3 other variable measurement scales, is fundamentally a quantitative data capturing method. This means all types of statistical analysis techniques can be applied to Ratio Data. Below are some of the popular ratio data analysis techniques: Trend analysis s is a popular ratio data analysis technique used to draw trends and insights by capturing survey data over a certain period of time. In other words, trend analysis on ratio data is conducted by capturing data using a ratio scale survey in multiple iterations, using the same question. SWOT Analysis > Analysis conducted to evaluate an organization's strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal aspects of an organization, while opportunities and threats are external to an organization. Conjoint Analysis is an advanced level market research technique usually implemented to analyze how individuals make complicated decisions on a ratio scale