2. The accompanying table shows a portion of the 30 companies that comprise the Dow Jones Industrial Average (DJIA). For each company, the data set lists the year that it joined the DJIA, its industry, and its stock price (in USDS) as of March 15, 2020. a. What is the measurement scale of the industry variable? b. What is the measurement scale of the Year variable? What are the strengths of this type of measurement scale? What are its weaknesses? c. What is the measurement scale of the Price variable? What are the strengths of this type of measurement scale?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

business analytics

2. The accompanying table shows a portion of the 30 companies that comprise the Dow
Jones Industrial Average (DJIA). For each company, the data set lists the year that it
joined the DJIA, its industry, and its stock price (in USDS) as of March 15, 2020.
a. What is the measurement scale of the industry variable?
b. What is the measurement scale of the Year variable? What are the strengths of this type
of measurement scale? What are its weaknesses?
c. What is the measurement scale of the Price variable? What are the strengths of this type
of measurement scale?
Year Industry
1976 Health Care
Company
3M (MMM)
American Express
|(AXP)
Apple (AAPL)
Boeing (BA)
Caterpillar (CAT)
Chevron Corp. (CVX)
Cisco Systems (CSCO)
Coca-Cola (KO)
Disney (DIS)
DowDupont (DWDP)
ExxonMobil (XOM)
Goldman Sachs (GS)
Home Depot (HD)
Intel (INTC)
IBM (IBM)
Johnson & Johnson (JNJ) 1997 Health Care
JPMorgan Chase (JPM)
McDonald's (MCD)
Merck (MRK)
Microsoft (MSFT)
Nike (NKE)
|Pfizer (PFE)
Proctor & Gamble (PG)
Travelers (TRV)
United Technologies
|(UTX)
UnitedHealth (UNH)
Price
208.86
107.38
1982 Finance
2015 Technology
1987 Capital Goods
1991 Capital Goods
170.42
417.97
136.2
2008 Energy
2009 Technology
1987 Consumer Non-Durables
119.35
49.43
45.24
1991
Consumer Services
112.59
1935
Basic Industries
54.24
1928 Energy
77.71
2013 Finance
1999 Consumer Services
1999 Technology
1979 Technology
198.5
192.39
51.66
138.03
136.38
1991
Finance
105.55
1985 Consumer Services
1979 Health Care
1999 Technology
2013 Consumer Non-Durables
2004 Health Care
1932 Basic Industries
2009 Finance
179.97
79.81
108.22
85.38
42.4
98.48
128.74
127.76
1939 Capital Goods
2012 Health Care
2004 Public Utilities
271.13
55.16
Verizon Comm. (VZ)
Visa (V)
Wal-Mart (WMT)
Walgreen (WBA)
2019 Miscellaneous
144.91
1991 Consumer Services
2020 Health Care
99.99
73.43
Transcribed Image Text:2. The accompanying table shows a portion of the 30 companies that comprise the Dow Jones Industrial Average (DJIA). For each company, the data set lists the year that it joined the DJIA, its industry, and its stock price (in USDS) as of March 15, 2020. a. What is the measurement scale of the industry variable? b. What is the measurement scale of the Year variable? What are the strengths of this type of measurement scale? What are its weaknesses? c. What is the measurement scale of the Price variable? What are the strengths of this type of measurement scale? Year Industry 1976 Health Care Company 3M (MMM) American Express |(AXP) Apple (AAPL) Boeing (BA) Caterpillar (CAT) Chevron Corp. (CVX) Cisco Systems (CSCO) Coca-Cola (KO) Disney (DIS) DowDupont (DWDP) ExxonMobil (XOM) Goldman Sachs (GS) Home Depot (HD) Intel (INTC) IBM (IBM) Johnson & Johnson (JNJ) 1997 Health Care JPMorgan Chase (JPM) McDonald's (MCD) Merck (MRK) Microsoft (MSFT) Nike (NKE) |Pfizer (PFE) Proctor & Gamble (PG) Travelers (TRV) United Technologies |(UTX) UnitedHealth (UNH) Price 208.86 107.38 1982 Finance 2015 Technology 1987 Capital Goods 1991 Capital Goods 170.42 417.97 136.2 2008 Energy 2009 Technology 1987 Consumer Non-Durables 119.35 49.43 45.24 1991 Consumer Services 112.59 1935 Basic Industries 54.24 1928 Energy 77.71 2013 Finance 1999 Consumer Services 1999 Technology 1979 Technology 198.5 192.39 51.66 138.03 136.38 1991 Finance 105.55 1985 Consumer Services 1979 Health Care 1999 Technology 2013 Consumer Non-Durables 2004 Health Care 1932 Basic Industries 2009 Finance 179.97 79.81 108.22 85.38 42.4 98.48 128.74 127.76 1939 Capital Goods 2012 Health Care 2004 Public Utilities 271.13 55.16 Verizon Comm. (VZ) Visa (V) Wal-Mart (WMT) Walgreen (WBA) 2019 Miscellaneous 144.91 1991 Consumer Services 2020 Health Care 99.99 73.43
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman