Statistical Inference
Ratio data is a type of quantitative data that possesses a true zero point, allowing for the comparison of both differences and ratios between values. This means that you can perform a full range of statistical operations, including addition, subtraction, multiplication, and division, making it the most informative level of measurement. In practical applications, ratio data is often used in various analyses, including those that involve paired samples and dependent t-tests, where understanding the magnitude of differences is crucial.
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