EP BUSINESS STATISTICS:FIRST COURSE-ACC
8th Edition
ISBN: 9780135179802
Author: Levine
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 1, Problem 1.39CYU
To determine
To explain: To explain the difference between nominal and ordinal variable.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Explain if two variables consist of nominal data?
How can categorical or quantitative variables relate to the real world?
What type of variation illustrate the increase or decrease of both variables together?
Chapter 1 Solutions
EP BUSINESS STATISTICS:FIRST COURSE-ACC
Ch. 1 - Four different beverages are sold at a fast-food...Ch. 1 - U.S. businesses are listed by size: small, medium,...Ch. 1 - Prob. 1.3LBCh. 1 - Prob. 1.4ACCh. 1 - Prob. 1.5ACCh. 1 - Prob. 1.6ACCh. 1 - For each of the following variables, determine...Ch. 1 - Prob. 1.8ACCh. 1 - Prob. 1.9ACCh. 1 - Prob. 1.10AC
Ch. 1 - The director of market research at a large...Ch. 1 - Prob. 1.15ACCh. 1 - Prob. 1.17LBCh. 1 - Fora population of N = 902, verify that by...Ch. 1 - Given a population of N = 93, starting in row 29,...Ch. 1 - Prob. 1.20ACCh. 1 - You want to select a random sample of n = 1 from a...Ch. 1 - Prob. 1.22ACCh. 1 - Prob. 1.23ACCh. 1 - Prob. 1.24ACCh. 1 - Prob. 1.25ACCh. 1 - Prob. 1.26ACCh. 1 - Prob. 1.27ACCh. 1 - Prob. 1.28ACCh. 1 - Prob. 1.29ACCh. 1 - Prob. 1.30ACCh. 1 - Prob. 1.34ACCh. 1 - Prob. 1.35CYUCh. 1 - Prob. 1.36CYUCh. 1 - Prob. 1.37CYUCh. 1 - Prob. 1.38CYUCh. 1 - Prob. 1.39CYUCh. 1 - What is the difference between an interval scaled...Ch. 1 - What is the difference between probability...Ch. 1 - Prob. 1.42CYUCh. 1 - Prob. 1.43CYUCh. 1 - Prob. 1.45CYUCh. 1 - Prob. 1.48CRPCh. 1 - Prob. 1.51CRPCh. 1 - Prob. 1.52CRPCh. 1 - Social media provides an enormous amount of data...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- What is regression analysis? Describe the process of performing regression analysis on a graphing utility.arrow_forwardI need help phrasing a quantitative research question. The topic is on Health, it is focused on Widowed Americans as the dependent variable, and their quality of life (Excellent - Poor)as the independent variable. An overlapping variable would be sex (male - female).arrow_forwardWhat is the difference between an individual and a variable?arrow_forward
- How Target Company can use multiple regression? for example the relationship between the salaries of employees and their experience and education. What would be the dependent and independent variable?arrow_forwardb. Use = 0.05 to test the significance of B1. Compute the t test statistic (to 2 decimals). Use t table.arrow_forwardWhere is the quadratic model for the data?arrow_forward
- Hi Expert, I need help. Thanks Judge and Cable (2010) report the results of a study demonstrating a negative relationship between weight and income for a group of men. Following are data similar to those obtained in the study. To simplify the weight variable, the men are classified into five categories that measure actual weight relative to height, from 1 = thinnest to 5 = heaviest. Income figures are annual income (in thousands), rounded to the nearest $1,000. Weight Income 4 151 5 88 3 52 2 73 1 49 3 92 1 56 5 143 These data show a positive relationship between weight and income for a sample of men. However, weight was coded in five categories, which could be viewed as an ordinal scale rather than an interval or ratio scale. If so, a Spearman correlation is more appropriate than a Pearson correlation. Convert the weights and the incomes into ranks and complete the table that follows. Ranks X Y XY 8 7 6…arrow_forwardThere is a drastic change in the expected age dependency ratio in the year 2060 compared to what the values were in 2010. Explain this change and explain what it means for both the working class (aged 18-64) people and the rest of the population.arrow_forwardCompared to a year ago, how would you best describe your feeling about your nursing job? Extremely satisfied.. Neither satisfied nor dissatisfied...... Moderately dissatisfied.. scale or ordinal please explain? Extremely dissatisfied Moderately satisfied is this nomialarrow_forward
- Draw a scatter diagram with square feet of living space as the independent variable and selling price as the dependent variable and describe variable and describe the relationship between the size of a house and the selling price.arrow_forwardIdentify the type of data that would be used when the variable of interest is most-watched TV show.arrow_forwardThe data represent the cost, return on investment, and graduation rate for a random sample of fifty colleges or universities in the United States. The data is from payscale.com. The variable "Cost" represents the four-year cost including tuition, supplies, room and board of attending the school. The variable "Annual ROI" represents the return on investment for graduates of the school. It essentially represents how much you would earn on the investment of attending the school. The variable "Grad Rate" represents the graduation rate of the school. Complete parts (a) and (b) below. Click here to view the school data. Click here to view the table of critical values of the correlation coefficient. (a) Describe the association between Cost and Graduation Rate graphically by drawing a scatter diagram, treating Cost as the explanatory variable. Describe the association between Cost and Graduation Rate by finding the linear correlation between the two variables. Is there a linear association…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY