Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Textbook Question
Chapter 1, Problem 5CE
Explain the difference between qualitative and quantitative variables. Give an example of qualitative and quantitative variables.
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Explain the difference between quantitative variable and a
qualitative variable in your own words. Use an example to describe
both concepts.
Define the term Qualitative variable with example?
Classify as categorical or qualitative data.
Your statistics teacher has gathered information on each of the students in your class in order to illustrate the difference between categorical and quantitative
variables. For each student, she has recorded their major, sex, age and height. The variable age" is an example of what type of variable?
Quantitative
O Categorical
Chapter 1 Solutions
Statistical Techniques in Business and Economics
Ch. 1 - The Atlanta-based advertising firm Brandon and...Ch. 1 - What is the level of measurement reflected by the...Ch. 1 - What is the level of measurement for each of the...Ch. 1 - The San Francisco Chronicle is a large newspaper...Ch. 1 - For each of the following, determine whether the...Ch. 1 - Explain the difference between qualitative and...Ch. 1 - Explain the difference between a sample and a...Ch. 1 - Prob. 7CECh. 1 - For the following situations, would you collect...Ch. 1 - Exits along Interstate highways were formerly...
Ch. 1 - A poll solicits a large number of college...Ch. 1 - Barnes & Noble recently began selling an...Ch. 1 - Using the concepts of sample and population,...Ch. 1 - Place these variables in the following...Ch. 1 - AVX Home Entertainment, Inc., recently began a...Ch. 1 - The Wall Street Journal’s website, www.wsj.com,...Ch. 1 - The following chart depicts the average amounts...Ch. 1 - The following chart depicts the earnings in...Ch. 1 - Refer to the Real Estate data, which report...Ch. 1 - Refer to the Baseball 2012 data, which report...Ch. 1 - Refer to the Buena School District bus data, which...
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- Stock Market The week of September 15, 2008 was one of the most volatile weeks ever for the US stock market. The closing numbers of the Dow Jones Industrial Average each day were: What was the overall change for the week? Was it positive or negative?arrow_forwardUse the model we created using technology in Example 6 to predict the gas consumption in 2011. Is this aninterpolation or an extrapolation?arrow_forwardWhat is regression analysis? Describe the process of performing regression analysis on a graphing utility.arrow_forward
- What is extrapolation when using a linear model?arrow_forwardUsing your graphing calculator, make a scatter plot of the data from the table. Then graph your model from Question 2 along with the data. How well does your model fit the data? What could you do to try to improve your model?arrow_forwarda=Are there more disadvantages or advantages to qualitative research than quantitative researcharrow_forward
- The Acme School of Locksmiths has been accredited for the past 15 years. Discuss how this information might be interpreted as a a. qualitative variable b. quantitative variablearrow_forwardDetermine whether the data described below is a quantitative of qualitative variable and explain why. The height of subjects in an experiment when testing a chemical. The data are qualitative because they consist of counts or measurements. The data are quantitative because they don't count nor measure anything. The data are qualitative because they don't count nor measure anything. The data are quantitative because they consist of counts or measurements.arrow_forwardI need help phrasing a quantitative research question. The topic is on Health, it is focused on Widowed Americans as the dependent variable, and their quality of life (Excellent - Poor)as the independent variable. An overlapping variable would be sex (male - female).arrow_forward
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