Bus308 Week 1

1.2 - Below we list several variables. Which of these variables ar quantitative and which argon soft? Quantitative means that the measurement of the value gives an certain quantity that can mean how much, or how both(pre no.inal). Whereas soft means we are simply recording into which of the categories the element falls. a. The vaulting horse amount on an accounts receivable invoice. This would be quantitative because we are given the true(a) quantity in long horse amounts. b. The net profit for a company in 2009 This would be quantitative as well since we are seeing the existing profit number for the company. c. The stock exchange on which a companys stock is traded. This would be a soft element since all we are doing here is categorizing the companies stocks. d. The national debt of the US in 2009. - This would be quantitative as well since we are seeing the national debt for the country. e. The advertising medium employ to operate on a product. - This would be a qualitative element since we are categorizing and listing the advertising medium the company used for promotion. 1.17 enlighten each of the following qualitative variables as no. number or tokenish. An ordinal variable is a qualitative variable for which in that location is a meaningful purchase order or ranking, of the categories.

A nominative variable is a qualitative variable for which there is no meaningful ordering, or ranking, of the categories. a. Statistics vogue earn grade. this would be an ordinal variable since there is a meaning to the ranking, one letter grade is more solid than the other. b! . Door choice on Lets Make a Deal. This would be nominative since there are no signifigant measures between the 2 doors. c. Televisions show classifications. This would be ordinal since there is a cash advance between the 4 classifications as to the suitable audience. d. Personal calculating machine ownership. Nominative because there is no ranking as to who owns or does not...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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