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 inconstant are numbers that represent quantities (that is how much(prenominal) or how some(prenominal)), then the shifting is said to be quantitative.However, if we obviously record into which of several categories an element falls then the changeable is said to be qualitative or categorical (Bowerman, OConnell, Murphree, & antiophthalmic portion; Orris 2012) a. The long horse amount on an score receivable invoice. shelterd: Since we stooge ask the question of how much is on the invoice. I would govern that the dollar amount is quantitative. b. The remuneration net income for a company in 2009. Quantitative: I would say the net profit for the company is quantitat ive, because it is numeric value and we can also ask the question of how much. c. The production line flip on which a companys production line is traded. Quantitative and qualitative: If the question suggested that a type of hold 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 subject area debt of the joined States in 2009. Quantitative: The national debt is known to be dollar amount or numerical value, in that respectfore it i s quantitative. e. The advertize forte (r! adio, television, or print) used to promote a product. Qualitative: Radio, television, or print are examples of categories. 1.7. Classify each of the succeeding(a) qualitative variables as ordinal or nominative. Explain your answers. fit 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 loll a full essay, order it on our website: OrderCustomPaper.com

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