11. Applied Economics and Data

Basic Statistics — Quiz

Test your understanding of basic statistics with 5 practice questions.

Read the lesson first

Practice Questions

Question 1

What is the formula for calculating the variance of a dataset?

Question 2

If the mean of a dataset is significantly higher than the median, what does this suggest about the distribution?

Question 3

In a dataset, if the variance is low, what does this indicate about the data points?

Question 4

If the correlation coefficient between two variables is $-0.95$, what does this imply?

Question 5

What does a correlation coefficient of $0$ indicate about the relationship between two variables?