Examine the variables of interest for the following situation and identify the type and level ofmeasurement of each variable.In applying for a credit card, the following information are being asked for from each applicanta. nationalityb. number of dependentsc. length(months) of stay in present addressd. residence type (renting, fully owned, company residence, etc)e. class of municipality where the residence is found (low, middle, high income)3bCdeVARIABLETYPELEVEL

We know, Two types of variables ( Quantitative & Qualitative) Four levels(nominal, ordinal,…

Answered: Examine the variables of interest for…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The following data represent the inventory figures for 55-gallon fish tanks at an aquarium. 55-Gallon Fish Tanks Inventory Amount January 1 Beginning Inventory 46 units @ $38.00 March 12 Purchase 70 units @ $36.50 July 19 Purchase 135 units @ $39.70 September 2 Purchase 65 units @ $41.75 Fish Tanks Available for Sale: Cost of Tanks Available for Sale: (a) How many fish tanks did the aquarium have available for sale? fish tanks (b) Calculate the total cost (in $) of the tanks available for sale. $ (c) If physical inventory on December 31 showed 88 tanks on hand, calculate their dollar value by using FIFO. $ (d) Calculate the value of the 88 tanks by using LIFO (in $). $ (e) Calculate the dollar value of the 88 tanks by using the average cost method (Round your answer to the nearest cent). $
1. Fill in the blanks for each of the statements below. а. A survey of 1000 U.S. adults found that 40% think the internet is the best way to get news and information. Population: Sample: Variable of Interest: Type of Data (Qualitative or Quantitative): Is the 40% a parameter or statistic, and why? b. A survey of the 55 law firms in a local city found that the average hourly billing rate is $425. Population: Sample: Variable of Interest: Type of Data (Qualitative or Quantitative): Is the $425 a parameter or statistic, and why?.
The Acme School of Locksmiths has been accredited for the past 15 years. Discuss how this information might be interpreted as a a. qualitative variable b. quantitative variable
A congressperson wants to come up with a single value to describe the prices of homes in their district. However, their district consists of a few homes that are extremely expensive compared to the others. Which descriptive statistic should they use? a. Range b. Mode c. Median d. Mean
You are responsible for a data analysis exercise in your first job (as a data analyst) after graduating and have downloaded some associated reports. Your first task requires you to write a data dictionary and determine what type of variable the data you are dealing with relates to. Which of the following are categorical variables? Select one: a. The number of marks out of 10 that an employee obtained on the company’s information technology training. b. The number of employees in each division c. The number of years of service of each employee. d. The employee’s tax file number. e. The pro-rata income for all employees within the business/finance division.
A reseacher desires to know if the age of a child is related to the number of cavities he or she has.
2. This table shows the mean and median total cash income for married-couple households (including wages, public assistance, interest/dividends, Social Security, pensions, etc.), by race and Hispanic origin. a apaa Median Household Mean Household Income ($) Income ($) Asian 110,453 78,010 66,893 110,138 145,948 Black 97,667 Hispanic White, non-Hispanic 88,450 129,142 a. Pick one group and interpret the median and the mean. b. For each group, how do the mean and the median compare? Explain why you think this must be the case.
identify the levels of measurement of the following variables and explain
The personnel files of all eight employees at the Pawnee location of Acme Carpet Cleaners Inc. revealed that during the last 6-month period they lost the following number of days due to illness: 5 5 4 4 1 2 All eight employees during the same period at the Chickpee location of Acme Carpets revealed they lost the following number of days due to illness: Range Mean 2 1 0 10 2 2 3 0 0 6 Click here for the Excel Data File Required: a. Calculate the range and mean for the Pawnee location and the Chickpee location. (Round the "Mean" to 2 decimal places.) Pawnee location O Chickpee location O Pawnee location Chickpee location b-1. Based on the data which location has fewer lost days?

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