Bus 308: Statistics For Managers - Week 1

BUS308-Statistics for Managers Swafford (2/10/12) a. Chapter 1:  1.2, 1.17 1.2 Below we list several variants. Which of these inconstants be quantitative and which are qualitative? Explain. In our text sum up book it states on page 4 that If the possible measurements of the grades of a varying are numbers that represent quantities (that is how more or how some(prenominal)), then the uncertain is said to be quantitative.However, if we manifestly record into which of several categories an element falls then the variable star is said to be qualitative or categorical (Bowerman, OConnell, Murphree, & antiophthalmic broker; Orris 2012) a. The long horse amount on an mark receivable invoice. cling tod: Since we stooge ask the question of how much is on the invoice. I would govern that the dollar amount is quantitative. b. The bread net income for a company in 2009. Quantitative: I would say the net profit for the company is quantitative, because it is numeric value and we can also ask the question of how much. c. The lineage flip on which a companys transmit is traded. Quantitative and soft: If the question suggested that a type of demarcation indoors the company is traded for an example a type such as Soft drink versus Juices, then it is Qualitative.

However if the questions suggests that financial value of the stock then I would say it is quantitative. d. The interior(a) debt of the joined States in 2009. Quantitative: The national debt is known to be dollar amount or numerical value, in that respectfore it is quantitative. e. The advertis ement forte (radio, television, or print) u! sed to promote a product. Qualitative: Radio, television, or print are examples of categories. 1.7. Classify each of the pursual qualitative variables as ordinal or nominative. Explain your answers. gibe to our book (page14-15) An ordinal variable is a qualitative variable for which there is a meaningful ordering, or ranking, of categories..A nominative variable is a qualitative variable for which there is no...If you want to collar a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper