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ZankhanaBroker

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  1. ZankhanaBroker changed their profile photo
  2. Question2 In which situations will percentage be considered as "continuous variable" and in which situations it will be considered as "discrete variable"? ChatGPT said: ChatGPT Whether a percentage is treated as a continuous or discrete variable depends on the nature of the data and how the percentage is derived. Here's a breakdown: 1. Percentage as a Continuous Variable: A percentage is considered continuous when it can take on any value within a range, typically between 0% and 100%, and represents a measurement or proportion that can theoretically be infinitely subdivided. Examples: Survey Responses: The percentage of people who rate a service as "good" out of a large population. This value can be a decimal (e.g., 74.5%). Proportion of Income Spent: If someone spends 35.7% of their income on rent, this percentage can take any fractional value depending on the exact amount. Success Rate in Experiments: The percentage of successful trials out of a large number of trials, especially if calculated over many trials with decimal precision. 2. Percentage as a Discrete Variable: A percentage is considered discrete when it results from counting distinct items or units and can only take certain fixed values (usually whole numbers or counts). Examples: Classroom Test Scores: If students' test results are only given in whole numbers (e.g., 80%, 90%), then the percentage is discrete. Percentage of People in Categories: In a small group where each person is counted in a category, the resulting percentage might be discrete (e.g., 25%, 50%, 75% if there are four people in total). Poll Results with Whole Numbers: If the percentage of voters supporting a candidate is reported in whole numbers, it’s treated as discrete. Key Differences: Continuous Variables: Can have fractional values and are not limited to specific steps. Discrete Variables: Can only take certain specific values (like whole numbers) and are often based on counts. In practice, most percentages are treated as continuous when they represent proportions or rates derived from large datasets and allow for decimal precision. However, when percentages come from small or count-based datasets, they may be treated as discrete.
  3. We generally use Average or Median in our KPIs. The customer matches their experience with taste and most importantly how we made them feel. So if its a complaint then there is variation from the standard experience customer always received or perceived it as a standard experience. For example if someone in todays age says, "we dont capture complaint as an organization but a feedback." Then one immediately knows there is something fishy. Because customer perceived that for any issue there is always a customer complaint and turnaround time provided. This disconnect is variation in what is mentioned in SOP and what is experienced by the customer.
  4. Toll gate review is a mechanism to evaluate how the project has concluded its each phase i.e. DMAIC. The MBB, BB, champion, sponsor, project leader and team with Business leads and heads are part of these discussions. Basically sharing the storyboard with the group and updating them on the actions taken in each phase and outcomes identified and implemented. They basically want to know if everything is done that was required in the stage and hence team is moving to next stage.
  5. To see how closely the machines answers matches the human response.

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