For each of the variables described below, indicate wnether it IS quantitative or categorical (qualitative) varlable. AISO, indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the most specific possible. Туре of Level of Variable ? variable measurement ONominal OQuantitative O Ordinal (a) Temperature (in degrees Celsius) OInterval OCategorical ORatio ONominal OQuantitative OOrdinal (b) Closing price (in dollars) of a stock OInterval OCategorical ORatio ONominal OQuantitative (c) End-of-year stock classification (high yield, medium yield, or low yield) O Ordinal Interval O Categorical

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 2CST
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For each of the variables described below, indicate whether it is a quantitative or a categorical (qualitative) variable. Also,
indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the
most specific possible.
Type of
Level of
Variable
variable
measurement
ONominal
OQuantitative
O Ordinal
(a) Temperature (in degrees Celsius)
OInterval
O Categorical
ORatio
ONominal
OQuantitative
O Ordinal
(b) Closing price (in dollars) of a stock
OInterval
O Categorical
ORatio
ONominal
OQuantitative
(c) End-of-year stock classification
(high yield, medium yield, or low
yield)
O Ordinal
OInterval
OCategorical
ORatio
Transcribed Image Text:For each of the variables described below, indicate whether it is a quantitative or a categorical (qualitative) variable. Also, indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the most specific possible. Type of Level of Variable variable measurement ONominal OQuantitative O Ordinal (a) Temperature (in degrees Celsius) OInterval O Categorical ORatio ONominal OQuantitative O Ordinal (b) Closing price (in dollars) of a stock OInterval O Categorical ORatio ONominal OQuantitative (c) End-of-year stock classification (high yield, medium yield, or low yield) O Ordinal OInterval OCategorical ORatio
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