Bus308 Week 1

1.2 - Below we list several variables. Which of these variables argon quantitative and which argon soft? Quantitative means that the measurement of the value gives an genuinely quantity that can mean how much, or how almost. Whereas qualitative means we ar simply recording into which of the categories the share falls. a. The vaulting horse amount on an accounts receivable invoice. This would be quantitative because we are given the true(a) quantity in dollar amounts. b. The net profit for a company in 2009 This would be quantitative as well since we are seeing the factual profit number for the company. c. The stock exchange on which a companys stock is traded. This would be a qualitative fragment since all we are doing here is categorizing the companies stocks. d. The national debt of the US in 2009. - This would be quantitative as well since we are seeing the national debt for the country. e. The advertising medium utilize to transpor t on a product. - This would be a qualitative element since we are categorizing and listing the advertising medium the company used for promotion. 1.17 enlighten each of the following qualitative variables as zero(prenominal) number or tokenish. An ordinal variable is a qualitative variable for which in that location is a meaningful guild or ranking, of the categories.

A nominative variable is a qualitative variable for which there is no meaningful ordering, or ranking, of the categories. a. Statistics bunk earn grade. this would be an ordinal variable since there is a meaning to the ranking, one l etter grade is more operative than the othe! r. b. Door choice on Lets Make a Deal. This would be nominative since there are no signifigant measures between the 2 doors. c. Televisions show classifications. This would be ordinal since there is a overture between the 4 classifications as to the suitable audience. d. Personal estimator ownership. Nominative because there is no ranking as to who owns or does not...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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