Explain the difference between qualitative and quantitative variables. Give an example of qualitative and quantitative variables.

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

See More Books

Question Posted: May 28, 2018 07:27 AM

See More Questions

What is the difference between qualitative and quantitative international market research?
Write a report about the difference between qualitative and quantitative research methods related to Saudi Arabia of study. Write about the use of qualitative research in Saudi Arabia of study.
Briefly explain the distinction between qualitative and quantitative analysis in conducting data analytics.
Write a formula for a function g whose graph is similar to f(x) but satisfies the given conditions. Do not simplify the formula. f(x) = 3x 3x + 2 (a) Shifted right 2000 units and upward 70 units (b)...
Suppose a company has 10 employees, 1 earning $160,000, 1 earning $120,000, 2 earning $60,000, 1 earning $40,000, and 5 earning $32,000. (a) What is the mean salary for the company? (b) What is the...
Let f : (0; 1) R be bounded but such that does not exist. Show that there are two sequences (xn) and (yn) in (0, 1) with lim(xn) = 0 = lim(yn), but such that (f(xn)) and (f(yn)) exist but are not...
Fly Fast Ltd operates a small charter plane operation in South West Queensland. The airline provides a fly-in fly-out service to mining operations in this area. Currently Fly Fast operates one plane...
A long wire carrying 4.50 A of current makes two 90o bends, as shown in Fig. The bent part of the wire passes through a uniform 0.240-T magnetic field directed as shown in the figure and confined to...
Required: The following are the transactions of Spotlighter, Incorporated, for the month of January. For each transaction, indicate the accounts, amounts, and direction of the effects on the...
1. On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Based on your computations in...
Explain the difference between a sample and a population.
Slate is a daily magazine on the Web. Its business activities can be described by a number of variables. What is the level of measurement for each of the following variables? a. The number of hits on...
Write a method toSortedForm that uses stream operations to convert a String parameter into a sorted form with its letters in alphabetical order. For example, if the string passed is "tennessee",...
Compute the gamma-ray flux (in photons/(cm 2 s) to 4 significant digits) at 0.5 m from the 5-mCi Cs-137 point source?
Prepare the Investing section of the cash flow statement for Tyner. Selected balances for Tyner Company are as follows: Equipment Accumulated Dep 2022 2021 000,00 100,000 40,000 000.0 (30,000)...
Sweet Company has the following stockholders' equity accounts at December 3 1 ; 2 0 2 0 . Common Stock ( $ 1 0 0 par value, authorized 7 , 6 0 0 shares ) $ 5 0 3 , 2 0 0 Retained Earnings 2 7 6 , 1 0...
A business sublets part of its office accommodation. The rent is received quarterly in advance on 1 January, 1 April, 1 July and 1 October. The annual rent charge is 3 0 , 0 0 0 . What is the correct...
2. A 10MW, 4-pole 50Hz synchronous generator has a speed droop of 2%. (a) What is the slope SP? (b) The generator no-load speed is now adjusted so that the generator can supply 8MW to a 50Hz infinite...
You get to select one card at random from a standard deck of 52 cards. If you pick a club, you win $8. If you pick a heart, you win $4. If you pick any other suit, you lose $6. Determine your...
What is the shape of the exponential distribution?
The law firm of Hagel and Hagel is located in downtown Winnipeg. There are 10 partners in the firm: 7 live in Osborne Village and 3 live in St Boniface. Wendy Hagel, the managing partner, wants to...
The National Aeronautics and Space Administration (NASA) has experienced two disasters. The Challenger exploded over the Atlantic Ocean in 1986, and the Columbia exploded over east Texas in 2003....
New Process Inc., a large mail-order supplier of womens fashions, advertises same-day service on every order. Recently, the movement of orders has not gone as planned, and there were a large number...
A bank can either invest money for three months at 4.00% or for nine months at 4.50%. Ignoring actual/360 day count adjustments for the purpose of this question, the three against nine FRA quote the...
Shuggy Otis, an executive at Slapfish Corp. (SC) intends to retire in 11 years. SC just announced that it will start depositing $500.00 at the end of each quarter into each of its workers' retirement...
On January 1, the Hanover Beverage Company replaced the palletizing machine on one of its juice lines. The cost of the machine was $195,000. The machine's expected life is five years or 480,000...

Explain the difference between qualitative and quantitative variables. Give an example of qualitative and quantitative variables.

Question:

Step by Step Answer:

Quantitative variables have numerical valuesThey represent a ...View the full answer

Statistical Techniques in Business and Economics

Students also viewed these Business questions