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 work out book it states on page 4 that If the possible measurements of the grades of a versatile are numbers that represent quantities (that is how much(prenominal) or how some(prenominal)), then the variant is said to be quantitative.However, if we plain record into which of several categories an element falls then the versatile is said to be qualitative or categorical (Bowerman, OConnell, Murphree, & antiophthalmic fixings; Orris 2012) a. The long horse amount on an tale receivable invoice. quantifyd: Since we stooge ask the question of how much is on the invoice. I would govern that the dollar amount is quantitative. b. The salary 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 spud flip on which a companys melodic line is traded. Quantitative and qualitative: If the question suggested that a type of threadbare indoors the company is traded for an example a type much(prenominal) as Soft drink versus Juices, then it is Qualitative. However if the questions suggests that monetary 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 denote forte (radio, television, or print) used to promote a product. Qualitative: Radio, television, or print are examples of categories. 1.7. Classify each of the sideline qualitative variables as ordinal or nominative. Explain your answers. consort to our book (page14-15) An ordinal variable is a qualitative variable for which there is a mea ningful ordering, or ranking, of categories.! .A nominative variable is a qualitative variable for which there is no...If you want to permit a full essay, order it on our website: OrderCustomPaper.com

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