Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 5CE
Explain the difference between qualitative and quantitative variables. Give an example of qualitative and quantitative variables.
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Explain the difference between quantitative variable and a
qualitative variable in your own words. Use an example to describe
both concepts.
Define the term Qualitative variable with example?
Classify as categorical or qualitative data.
Your statistics teacher has gathered information on each of the students in your class in order to illustrate the difference between categorical and quantitative
variables. For each student, she has recorded their major, sex, age and height. The variable age" is an example of what type of variable?
Quantitative
O Categorical
Chapter 1 Solutions
Statistical Techniques in Business and Economics
Ch. 1 - Prob. 1SRCh. 1 - (a) The mean age of people who listen to talk...Ch. 1 - What is the level of measurement for each of the...Ch. 1 - Slate is a daily magazine on the Web. Its business...Ch. 1 - Prob. 3ECh. 1 - For each of the following, determine whether the...Ch. 1 - Explain the difference between qualitative and...Ch. 1 - Explain the difference between a sample and a...Ch. 1 - Prob. 7CECh. 1 - Prob. 8CE
Ch. 1 - Exits along Interstate highways were formerly...Ch. 1 - A poll solicits a large number of college...Ch. 1 - Best Buy sells Fitbit wearable technology products...Ch. 1 - Using the concepts of sample and population,...Ch. 1 - Place these variables in the following...Ch. 1 - Prob. 14CECh. 1 - Prob. 15CECh. 1 - AVX Home Entertainment, Inc., recently began a...Ch. 1 - Prob. 17CECh. 1 - The following chart depicts the average amounts...Ch. 1 - Prob. 19CECh. 1 - Refer to the North Valley Real Estate data, which...Ch. 1 - Prob. 21DACh. 1 - Refer to the Lincolnville School District bus...
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- Stock Market The week of September 15, 2008 was one of the most volatile weeks ever for the US stock market. The closing numbers of the Dow Jones Industrial Average each day were: What was the overall change for the week? Was it positive or negative?arrow_forwardUse the model we created using technology in Example 6 to predict the gas consumption in 2011. Is this aninterpolation or an extrapolation?arrow_forwardWhat is regression analysis? Describe the process of performing regression analysis on a graphing utility.arrow_forward
- What is extrapolation when using a linear model?arrow_forwardUsing your graphing calculator, make a scatter plot of the data from the table. Then graph your model from Question 2 along with the data. How well does your model fit the data? What could you do to try to improve your model?arrow_forwardExplain the difference between quantitative and qualitative measures. Provide an example of each.arrow_forward
- Determine whether the data are qualitative or quantitative. Cholesterol counts for individuals OQualitative Quantitativearrow_forwardWith practical examples, explain three strengths of the qualitative approach to doing communication research in relation to the quantitative approach.arrow_forwardBUSINESS STATISTICS Describe two variables useful in understanding airport customer satisfaction. What kind of variables are they? Which scales would you choose? Why?arrow_forward
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