Bus 308: Statistics For Managers - Week 1

BUS308-Statistics for Managers Swafford (2/10/12) a. Chapter 1:  1.2, 1.17 1.2 downstairs we list several variants. Which of these inconstants be quantitative and which argon soft? Explain. In our text work out book it states on scalawag 4 that If the possible measurements of the grades of a changeable are poesy that represent quantities (that is how oftentimes or how some(prenominal)), accordingly the varying quantity quantity is utter to be quantitative.However, if we manifestly record into which of several categories an ingredient falls then the variable is said to be soft or categorical (Bowerman, OConnell, Murphree, & antiophthalmic work out; Orris 2012) a. The long long horse amount on an study receivable invoice. valuated: Since we behind contain the inquiry of how much is on the invoice. I would mold that the dollar amount is quantitative. b. The realise net income for a confederation in 2009. quantifiable: I would say the net sugar for the company is quantitative, because it is numeric value and we can also ask the question of how much. c. The caudex flip on which a companys parentage is traded. Quantitative and soft: If the question suggested that a type of pedigree indoors the company is traded for an modelling a type such as Soft imbibe 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 home(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 advert forte (radio, television, or print) utilize to promote a product. Qualitative: Radio, television, or print are examples of categories. 1.7. Classify each of the side by side(p) qualitative variables as ordinal number or nominative. Explain your answers. accord to our book (page14-15) An ordinal variable is a qualitative variable for which there is a substantive beau mondeing, or ranking, of categories..A nominative variable is a qualitative variable for which there is no...If you want to view a full essay, order it on our website: Ordercustompaper.com

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