00:03
First one, dichotomous variable.
00:16
Dicotomous variable are variables that have only two possible values.
00:42
For example, yes or no, male or female, etc.
00:58
Next one is ordinal variable.
01:11
It is a categorical variable.
01:21
For which the possible values are ordered.
01:39
Here the units can be categorized based on their ranking or any other order.
02:15
Next one is categorical variable.
02:29
Is a variable that can take on one of a limited, and usually fixed number of possible values assigning each individual or other unit of observation to a particular group on the basis of some qualitative property.
03:47
Next one is continuous random variable.
04:00
It is a random variable that can take on a continuum of values...