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Week 2

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Question 1:The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. In this discussion, please describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences. Lastly, discuss if you have any experience using any cryptocurrencies.Note: Your initial post will be your answer to the Question and is to be 300 words in 3 paragraphs with at least two references. Initial posts will be graded on length, content, grammar, and use of references. References should always be below each question as they are a different topic and not related in any way.References:Pearlson, K., Saunders, C., Galletta, D. (2020). Managing and Using Information Systems: A Strategic Approach, 7th Edition. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1119560562Question 2:Let’s discuss the following questions.Why do we need to study the variation of a collection of data? Why isn’t the average by itself is adequate? This week in chapter 4 (course textbook), we have studied three ways to measure variations. The range, standard deviation, and to a large extent, a box-and-whisker plot all indicate the variation within a data collection. Discuss the similarities and differences among these ways to measure data variation.Why is the coefficient of variation important? What do we mean when we say the coefficient of variation has no units? What advantage can there be in having no units? Why is relative size is important?Include at least one reference (APA format) in your main discussion thread.Note: Your initial post will be your answer to the Question and is to be 600 words with at least two references. Initial post will be graded on length, content, grammar and use of references. References should always be below each question as they are a different topic and not related in any way.References:Exploring Statistics: Tales of Distributions by Chris Spatz13/05/202012informationsystems