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Short essay on ranked data

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A common error is neglecting to get ranked data for some statistical processes. Why do we have to have ranked data? Give an example of where you would need ranked data.

(short paragraph answer, 100 words)

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Solution Summary

We discuss the importance and uses of data ranking in statistics, and give an examples of that.

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Ranking is replacing the actual numerical data values with their corresponding ranks. The simplest possible example of the use of ...

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