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 report book it states on page 4 that If the possible measurements of the grades of a variant 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 manifestly record into which of several categories an element falls then the shifting is said to be qualitative or categorical (Bowerman, OConnell, Murphree, & antiophthalmic gene; Orris 2012) a. The long horse amount on an forecast receivable invoice. cheerd: Since we stooge ask the question of how much is on the invoice. I would govern that the dollar amount is quantitative. b. The sack up 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 memory flip on which a companys straining is traded. Quantitative and qualitative: If the question suggested that a type of tired 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 monetary value of the stock then I would say it is quantitative. d. The matter 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 advert 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 quest qualitative variables as ordinal or nominative. Explain your answers. correspond 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 wedge a full essay, order it on our website: OrderCustomPaper.com

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