Midterm will be evaluated on TWO aspects. One part is just technical knowledge. You should know how to compute mean median, draw graphs, and do all of the technical EXCEL manipulations that have been taught in the past few weeks. In your WRITEUP, you should explain HOW you did your calculations, this will help in ensuring that you get a good grade. Your answers will also be checked for accuracy and correctness.
The SECOND part will be evaluating your UNDERSTANDING of how the data set relates to REAL world. For this, you will have to do some research. What is the series you are working with? For example, if it agricultural pollution than it would be high in countries which have high agriculture. EVERY sentence which shows some understanding of how the data sheds light on REAL world issues -- Like Country X is an outllier because it is a purely agricultural economy -- or that African countries score low on this criterion because they dont have industrialized ecoomies -- Country Z is an outlier because it is a purely oil based economy. Sentence which show how data set helps us understand real world issues will be given marks. To write such, you will have to do some reading about how your data relates to the real world.
The SECOND part will be evaluating your UNDERSTANDING of how the data set relates to REAL world. For this, you will have to do some research. What is the series you are working with? For example, if it agricultural pollution than it would be high in countries which have high agriculture. EVERY sentence which shows some understanding of how the data sheds light on REAL world issues -- Like Country X is an outllier because it is a purely agricultural economy -- or that African countries score low on this criterion because they dont have industrialized ecoomies -- Country Z is an outlier because it is a purely oil based economy. Sentence which show how data set helps us understand real world issues will be given marks. To write such, you will have to do some reading about how your data relates to the real world.
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