What is the level (or scale) of measurement for each variable? Nominal, ordinary, or ratioWTO StatusPer Capita GDPTrade DeficitFitch RatingFitch Outlook **Table: Economic Indicators of Selected Nations**| Nation | WTO Status | Per Capita GDP | Trade Deficit | Fitch Rating | Fitch Outlook ||-------------|------------|----------------|----------------|--------------|---------------|| Armenia | Member | 5,400 | 2,673,359 | BB- | Stable || Australia | Member | 40,800 | -33,304,157 | AAA | Stable || Austria | Member | 41,700 | 12,796,558 | AAA | Stable || Azerbaijan | Observer | 5,400 | -16,747,320 | BBB- | Positive |**Explanation of Columns:**- **Nation**: The name of the country.- **WTO Status**: Indicates whether the country is a member or an observer in the World Trade Organization.- **Per Capita GDP**: The average economic output per person, expressed in currency units.- **Trade Deficit**: The amount by which a country's imports exceed its exports. Negative numbers indicate an excess of imports over exports.- **Fitch Rating**: A credit rating given by Fitch Ratings, indicating the country's creditworthiness.- **Fitch Outlook**: The anticipated direction of the country's credit rating, categorized into Stable, Positive, or Negative.

Answered: What is the level (or scale) of…

What is the level (or scale) of measurement for each variable? Nominal, ordinary, or ratio WTO Status Per Capita GDP Trade Deficit Fitch Rating Fitch Outlook

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Use this data and predict an apartment's monthly rent base on its square footage. What is this…

A: Given information: Monthly Rent Square Feet 815 679 695 890 930 1165 799 692 995 1020…

Q: f. What percent of patients have more than 80 distressing/scary thoughts a day? g. Are these data…

A: The data of 20 patients is given from which it is asked to compute the percentage of patients who…

Q: How do you define the measurement scale? classify measurement scale with examples? Write it…

A: Definition of measurement scale: The measurement scale determines the kind of scale that measures…

Q: Which of the following variables is considered to be qualitative? O method of payment (e.g., cash or…

A: A variable is any characteristic that is being measured.

Q: Presidential Candidates Pulse Votes Bong Bong Marcos 85.92% Leni Robredo 8.45% Francisco Domagoso…

A: Given data : 85.92, 8.45, 2.82, 1.41, 1.41 Sorted data: 1.41 1.41 2.82 8.45 85.92

Q: Example 3.3. Prices of hotdogs ($/oz.):…

A: The objective is to construct frequency table for the given data:

Q: Hair color, race, smoking status are nominal data ordinal data ratio data

Q: What is the level of measurement? O nominal ordinal O interval O ratio

A: The ratio level of measurement can be defined as the value of the difference between the two…

Q: The values and relative frequencies for a set of data are shown below. Complete the cumulative…

Q: Is there any nominal scale?

A: A Nominal Scale is a measurement scale, in which numbers serve as tags or labels

Q: What is the scale of measurement (type of variable) of the following variable? Age

A: Scales of measurement refer to ways in which variables or numbers are defined and categorised. Each…

Q: Identify the level of measurement corresponding to the da Temperature in ( Degrees Fahrenheit) of a…

A: It can easily observe that the temperature of a place is to be measured in numbers and it can be…

Q: Evaluate the Paasche Price index for 2020 using 2010 as the base year for the above data. A. 117.7…

A: We have to calculate price index for the given data.

Q: Which variables are quantitative? (Select all that apply.) cost operating system Odisplay size…

A: A variable can be of two type: Categorical and Quantitative. Categorical variables are those which…

Q: Adolescent general well-being as measured by the short version of the adolescent general well-being…

A: Adolescent general well-being as measured by the short version of the adolescent general well-being…

Q: II. Enumeration. B. Levels of Measurement 1. 2 Examples of Nominal Measurement 2. 2 Examples of…

A: Level of measurement is vital to statistical analysis.

Q: I posted my question as a picture

A: Introduction:There are broadly 4 scales of measurement used in Statistics, that either categorize…

Q: Classify the variables by the levels of measurement used. Explain your choice of the levels of…

A: Given information: The variables of a questionnaire study are given.

Q: Which of the following is an example of a nominal scale? Weight Order of finish in the National…

A: Nominal scales:Nominal scales are used in the identification, naming, classification, or…

Q: Which of the following activities would be considered part of data preparation? Recoding a variable…

A: Data preparation is the process that happens before data processing. In this method, four steps are…

Q: l911-1920 1. 1921–1930 1931-1940 1941– 1950 1951-1960 1961- 1970 1971-1980 1981- 1990 1991-2000…

A: The formula to compute the percentage is,

Q: Calculate the Index of Qualitative Variation

Q: Prepare Index Numbers of prices for three years with average price as the Base Trom the data given…

A: Index number are used to measure the price related to the other. It is calculated by the price of…

Q: Maximizing the profit of timber harvesting involves considering all of the following except: A.…

A: Whenever we are harvesting any natural resource , only the outcome of profit source variant is…

Q: The measurements of suspended solid material concentration in water samples is illustrated in the…

A: From the given information, From the above box plot, the range can be computed as; Range of the data…

Q: c) Calculate first differences, second differences, and ratios. Which model appears most suitable…

A: Using difference to determine the model: By finding the differences between dependent values, you…

Q: Cite any relevant observation/s from the diagram below. 80.5 84.0 87.5 91.0 94.5 98.0 Acetone…

A: Given diagram It is a dot plot for Acetone concentration

Q: Classify the variables by the levels of measurement used. Explain your choice of the levels of…

A: Given information: The variables of a questionnaire study are given.

Q: rage adult Americans are about one inch taller, but nearly a whopping 25 pounds heavier than they…

A: Given: μ=25n=28x¯=19.5s=8.6 Hypothesis: Null hypothesis: H0: μ=25Alternative hypothesis: H1: μ≠25…

Q: n a study, the data you collect is the average weight of newborn babies in ounces. What is the…

A: The objective is to identify the scale of measurement used for average weight of newborn babies in…

Q: What is the single property of nominal measurement?

Q: llustration 13.7. Construct the cost of living index number for the year 1966 from the following…

Q: Variable Name: Age Variable Definition: students' current age, reported by student Range: 17-100…

A: Nominal: A scale of measurement in which the ta values can be labeled or categorized. Ordinal: A…

Q: Level of measurement for I.V.: Brushing your teeth D.V: The number of cavities.

A: The objective of the question is to identify the level of measurement for the given independent and…

Q: Match the level of measurement with the variables or measures listed. Length of hospital stay Income…

A: Given that:Four level of measurement:A. NominalB. IntervalC. Ratio D. Ordinal10 different variables…

Q: From the data given below compute quantity index for 1983 Price in 1982 (Rs.) 10 20 30 30 Commodity…

Question

What is the level (or scale) of measurement for each variable? Nominal, ordinary, or ratio

WTO Status

Per Capita GDP

Trade Deficit

Fitch Rating

Fitch Outlook

Expert Solution

WTO Status

The variable "WTO status" can only take only two types of quantitative values without order which means this is an example of a dichotomous type of Nominal data.

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

I need all the answers step by step
BASIC TECHNIQUES 1.10 Fifty people are grouped into four categories- A, B, C, and D-and the number of people who fall into each category is shown in the table: Category Frequency A 11 S В 14 C 20 a. What is the experimental unit? b. What is the variable being measured? Is it qualitative or quantitative? e? c. Construct a pie chart to describe the data. d. Construct a bar chart to describe the data. e. Does the shape of the bar chart in part d change depending on the order of presentation of the four categories? Is the order of presentation important? ES f. What proportion of the people are in category B, C, or D? g. What percentage of the people are not in cate- gory B?
Compute the descriptive statistics for the weekly hours spent studying. Describe your findings.
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
a. Account name b. Months in the calendar c. Average monthly savings d. Number of bank accounts e. None of the choices Based on the following choices/variables above, determine the ff: • measured in interval scale? • measured in ordinal scale? • quantitative discrete data? • quantitative continuous data?
What is the distinctive feature of nominal measurement?
The EASEC conducted a survey on campus. Number of clubs, groups, teams, and organizations affiliated with on campus is an example of a numerical variable. Discrete Continuous Quantitative Ratio
Number of women in Palawan who died from heart disease in 2004 number of women in Palawan who died in 2004 Rate None of the Above Ratio Proportion
Is this right?
You would use a/an scale for data such as age, blood pressure, and annual salaries. A. Ratio B. Nominal C. Ordinal D. Interval
Is body temperature a nominal, ordinal, interval, or ratio?
Classify the variables by the levels of measurement used. Explain your choice of the levels of measurement. Variable Level of Measurement Explanation 1. Household head 2. Sex 3. Age 4. Hours worked per week 5. Main type of work 6. Length of time at job 7. Years of secondary education 8. Examinations passed 9. Employment status 10. Income