Can you give an example of one type of quantitative data and one type of qualitative data that youve encountered in your professional or personal life please?
Can you give an example of one type of quantitative data and one type of qualitative data that youve encountered in your professional or personal life please?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Can you give an example of one type of quantitative data and one type of qualitative data that youve encountered in your professional or personal life please?
Expert Solution
Step 1
Data analysis majorly relies on two methods, qualitative and quantitative data. Quantitaive data can be counted or measured, on the contrary the qualtitave data is descriptive in nature and cannot be measured.
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