Question: Part 1: Understanding Data and Measurement (20 points) Data and Information Hierarchy (10 points): Describe the difference between data, information, knowledge, and wisdom, explaining the

Part 1: Understanding Data and Measurement (20 points)

  • Data and Information Hierarchy (10 points): Describe the difference between data, information, knowledge, and wisdom, explaining the hierarchical relationship among them. Provide a specific, real-world example to illustrate each level of the hierarchy.
  • Variables and Measurement Scales (10 points): Explain the different types of variables (nominal, ordinal, interval, and ratio), and describe the associated scales of measurement. Provide a specific example of each type of variable and explain why it is classified as such.

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