A mortgage company randomly samples accounts of their time-share customers. State whether each of the following variables

Question:

A mortgage company randomly samples accounts of their time-share customers. State whether each of the following variables is categorical or numerical. If categorical, give the level of measurement. If numerical, is it discrete or continuous?

a. The original purchase price of a customer's time-share unit

b. The state (or country) of residence of a time-share owner

c. A time-share owner's satisfaction level with the maintenance of the unit purchased (1: very dissatisfied to 5: very satisfied)

d. The number of times a customer's payment was late

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

Question Posted: