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 depend book it states on page 4 that If the possible measurements of the grades of a inconsistent are numbers that represent quantities (that is how very much or how some(prenominal)), then the protean is said to be quantitative.However, if we simply record into which of several categories an element falls then the inconsistent is said to be qualitative or categorical (Bowerman, OConnell, Murphree, & antiophthalmic ingredient; Orris 2012) a. The long horse amount on an deem receivable invoice. valuated: Since we stooge ask the question of how much is on the invoice. I would govern that the dollar amount is quantitative. b. The sugar net income for a company in 2009. Quantitative: I would say the net profit for the company is quantitative, becaus e it is numeric value and we can also ask the question of how much. c. The timeworn flip on which a companys rail line is traded. Quantitative and qualitative: If the question suggested that a type of pains indoors the company is traded for an example a type such(prenominal) as Soft drink versus Juices, then it is Qualitative.

However if the questions suggests that fiscal value of the stock then I would say it is quantitative. d. The subject field 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 advertize forte (radio, televisi! on, or print) used to promote a product. Qualitative: Radio, television, or print are examples of categories. 1.7. Classify each of the pursuance qualitative variables as ordinal or nominative. Explain your answers. harmonize 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 involve a full essay, order it on our website: OrderCustomPaper.com

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