What is the difference between a parameter and a statistic? A parameter is a numerical description of a characteristic. A statistic is a numerical description of a characteristic.

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

aylor Swift wants to know the proportion of her fans who listened to her new single ME! within the first hour of it being released.  In order to estimate this, she takes a sample of 150 of her fans and asks them if they listened to the song in this time period.  Of the 150 fans, 135 of them (90%) responded that they did listen to the song during this time period.  What is the parameter and what is its value?     a. The parameter is the proportion of the 150 sampled Taylor Swift fans who listened to ME! within the first hour after it released, which is 135.       b. The parameter is the group of Taylor Swift fans who were surveyed, which is 150.       c. The parameter is the proportion of all Taylor Swift fans who listened to ME! within the first hour after it released, which is unknown.   d. The parameter is the proportion of all Taylor Swift fans who listened to ME! within the first hour after it released, which is 0.9.       e. The parameter is the…

Deifne different types of Quantitative data ?

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 Fahrenheit)   Quantitative   Categorical   Nominal   Ordinal   Interval   Ratio (b)Exchange on which a stock is traded (NYSE, AMEX, or other)   Quantitative   Categorical   Nominal   Ordinal   Interval   Ratio (c)Letter grade (A, B, C, D, or F)   Quantitative   Categorical   Nominal   Ordinal   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 Type of variable Level of measurement (a)Duration (in minutes) of a call to a customer support line Quantitative Categorical Nominal Ordinal Interval Ratio (b)Exchange on which a stock is traded (NYSE, AMEX, or other) Quantitative Categorical Nominal Ordinal Interval Ratio (c)Temperature (in degrees Celsius) Quantitative Categorical Nominal Ordinal 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 (a) Temperature (in degrees Celsius) (b) Annual salary of a member of the shipping department (c) University in which a student is enrolled Type of variable O Quantitative OCategorical Quantitative OCategorical Quantitative OCategorical Level of measurement O Nominal OOrdinal Interval O Ratio O Nominal OOrdinal Interval Ratio O Nominal OOrdinal Interval Ratio X

The Acme School of Locksmithing has been accredited for the past 15 years. Discuss how this information might be interpreted as a a. qualitative variable. b. quantitative variable.

Could you please highlight the correct answer

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. Type of Level of Variable variable measurement Nominal OQuantitative Ordinal (a) Duration (in minutes) of a call to a customer support line Interval Categorical O Ratio Nominal Quantitative O Ordinal (b) Medal won in a recent race (gold, silver, bronze, or none) Interval O Categorical Ratio Nominal O Quantitative Ordinal (c) Temperature (in degrees Celsius) OInterval Categorical Ratio Submit Assignment Continue © 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility JAN 31 étv