For each of the yariables 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. Variable Type of variable Level of measurement Nominal Quantitative (a) Exchange on which a stock is traded (NYSE, AMEX or other) Ordinal Interval Categorical Ratio Nominal Quantitative Ordinal (b) Dosage (in milligrams) of medication Interval Categorical Ratio Nominal Quantitative (c) Rating in a consumer magazine (excellent, above average, fair, or poor) Ordinal Interval Categorical Ratio

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 27SGR
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For each of the yariables 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.
Variable
Type of variable
Level of measurement
Nominal
Quantitative
Ordinal
(a) Exchange on which a stock is traded (NYSE, AMEX.
or other)
Interval
Categorical
Ratio
Nominal
Quantitative
Ordinal
(b) Dosage (in milligrams) of medication
Interval
Categorical
Ratio
Nominal
Quantitative
(c) Rating in a consumer magazine (excellent, above
average, fair, or poor)
Ordinal
Interval
Categorical
Ratio
Transcribed Image Text:For each of the yariables 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. Variable Type of variable Level of measurement Nominal Quantitative Ordinal (a) Exchange on which a stock is traded (NYSE, AMEX. or other) Interval Categorical Ratio Nominal Quantitative Ordinal (b) Dosage (in milligrams) of medication Interval Categorical Ratio Nominal Quantitative (c) Rating in a consumer magazine (excellent, above average, fair, or poor) Ordinal Interval Categorical Ratio
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