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 | Type of variable | Level of measurement ||-----------------------------------------------------------------|----------------------------------------|-----------------------------------|| (a) Temperature (in degrees Celsius) | ☐ Quantitative | ☐ Nominal || | ☐ Categorical | ☐ Ordinal || | | ☐ Interval || | | ☐ Ratio || | || (b) Closing price (in dollars) of a stock | ☐ Quantitative | ☐ Nominal || | ☐ Categorical | ☐ Ordinal || | | ☐ Interval || | | ☐ Ratio || | || (c) End-of-year stock classification (high yield, medium yield, or low yield) | ☐ Quantitative | ☐ Nominal || | ☐ Categorical | ☐ Ordinal || | | ☐ Interval || | | ☐ Ratio |**Explanation:**- **Variable (a):** Temperature in degrees Celsius is typically considered a quantitative variable and is measured on an interval scale (since it has meaningful intervals between values, but no true zero point). - **Variable (b):** Closing price of a stock in dollars is a quantitative variable and is measured on a ratio scale (since it has a true zero point and meaningful intervals).- **Variable (c):** End-of-year stock classification (high yield, medium yield, or low yield) is a categorical variable and is measured on an ordinal scale (since the categories have a meaningful order).

Quantitative Variables are variables which take numerical values and can be quantified whereas…

For each of the variables described below, indicate wnether it IS quantitative or categorical (qualitative) varlable. AISO, indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the most specific possible. Туре of Level of Variable ? variable measurement ONominal OQuantitative O Ordinal (a) Temperature (in degrees Celsius) OInterval OCategorical ORatio ONominal OQuantitative OOrdinal (b) Closing price (in dollars) of a stock OInterval OCategorical ORatio ONominal OQuantitative (c) End-of-year stock classification (high yield, medium yield, or low yield) O Ordinal Interval O Categorical

For each of the variables described below, indicate wnether it IS quantitative or categorical (qualitative) varlable. AISO, indicate the level of measurement for the variable: nominal, ordinal, interval, or ratio. Make sure your responses are the most specific possible. Туре of Level of Variable ? variable measurement ONominal OQuantitative O Ordinal (a) Temperature (in degrees Celsius) OInterval OCategorical ORatio ONominal OQuantitative OOrdinal (b) Closing price (in dollars) of a stock OInterval OCategorical ORatio ONominal OQuantitative (c) End-of-year stock classification (high yield, medium yield, or low yield) O Ordinal Interval O Categorical

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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