For each of the variables 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 Level of measurement Type of variable Nominal O Quantitative (a) End-of-year stock classification (high yield, medium yield, or low yield) Ordinal Interval O Categorical Ratio O Quantitative (b) Temperature (in degrees Fahrenheit) O Categorical O Quantitative Nominal Ordinal ○ Interval 00 00 Ratio Nominal Ordinal (c) Price (in dollars) of a shirt on the clearance rack O Categorical Interval Ratio
For each of the variables 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 Level of measurement Type of variable Nominal O Quantitative (a) End-of-year stock classification (high yield, medium yield, or low yield) Ordinal Interval O Categorical Ratio O Quantitative (b) Temperature (in degrees Fahrenheit) O Categorical O Quantitative Nominal Ordinal ○ Interval 00 00 Ratio Nominal Ordinal (c) Price (in dollars) of a shirt on the clearance rack O Categorical Interval Ratio
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:For each of the variables 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
Level of
measurement
Type of
variable
Nominal
O Quantitative
(a) End-of-year stock classification (high
yield, medium yield, or low yield)
Ordinal
Interval
O Categorical
Ratio
O Quantitative
(b) Temperature (in degrees Fahrenheit)
O Categorical
O Quantitative
Nominal
Ordinal
○ Interval
00
00
Ratio
Nominal
Ordinal
(c) Price (in dollars) of a shirt on the
clearance rack
O Categorical
Interval
Ratio
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