Classify each of the following as nominal, ordinal, interval, or ratio data. a. The time required to
Question:
a. The time required to produce each tire on an assembly line
b. The number of quarts of milk a family drinks in a month
c. The ranking of four machines in your plant after they have been designated as excellent, good, satisfactory, and poor
d. The telephone area code of clients in the United States
e. The age of each of your employees
f. The dollar sales at the local pizza shop each month
g. An employee's identification number
h. The response time of an emergency unit
Step by Step Answer:
a Ratio b Rat...View the full answer
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Related Video
The area of a circle is given by the formula: A = ?r^2 Where A is the area, ? is a mathematical constant (approximately 3.14), and r is the radius of the circle. The radius is the distance from the center of the circle to the edge. So for example, if the radius of a circle is 5 units, the area would be: A = ?(5^2) = ?(25) = 78.5 square units Here three friends went out to a restaurant and decided to have pizza for lunch. While they were waiting for their order, one of them stepped out to take a call but promised to return in two minutes. The waiter came and presented them with the menu, and they decided to order two 10-inch pepperoni pizzas. The waiter took their order and left. Just then, the third friend returned and asked what they had ordered. They explained that they had ordered two small pepperoni pizzas as they were only three of them and it would be enough for them. However, the third friend suggested that for the same price, they could get a large pizza that would be much bigger than the two small ones. He asked the waiter for a pen and paper and proceeded to calculate the area of the two small pizzas and compared it to the area of one large pizza. The friends were amazed at how the circle measurements worked and decided to change their order from two small pizzas to one large pizza.
Students also viewed these Statistics questions
-
Classify each of the following as nominal, ordinal, interval or ratio data. a. The time required to produce each tire on an assembly line b. The number of quarts of milk a family drinks in a month c....
-
Classify each of the following as a (CA) current asset, (NA) noncurrent asset, (CL) current liability, (NL) noncurrent liability, or (E) equity account. Choose the best or most frequently used...
-
Classify each of the following as a sunk cost, an opportunity cost, or neither. a. The firm has spent $1 million thus far to develop the next-generation robotic arm; it is now examining whether the...
-
Assume that investment spending depends only on the interest rate and no longer depends on output. Given this information, a decrease in money supply: a. will cause investment to increase. b. may...
-
Show that (p q) (q r) (p r) is a tautology.
-
Consider the following integrals and the given values of n. a. Find the Trapezoid Rule approximations to the integral using n and 2n subintervals. b. Find the Simpsons Rule approximation to the...
-
Provide three examples for open-ended and closed questions.
-
Media outlets such as ESPN and Fox Sports often have Web sites that provide indepth coverage of news and events. Portions of these Web sites are restricted to members who pay a monthly subscription...
-
Tirtirogu Corp.'s bonds currently sell for $1,145.68 and have a $1,000 par value. They have a 7.50% annual coupon rate and a 15-year maturity. What is the bond's yield to maturity?
-
1. Physics is a field of study that governs (a) How the planets orbit the sun. (b) The rate at which blood flows through a persons veins. (c) How quickly a helium balloon will rise into the air. (d)...
-
Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive statistics to make better managerial decisions. Give an example of how...
-
Classify each of the following as nominal, ordinal, interval, or ratio data. a. The ranking of a company by Fortune 500 b. The number of tickets sold at a movie theater on any given night c. The...
-
A wireless store owner takes presale orders for a new smartphone and tablet. He gets 340 preorders for the smartphone and 250 preorders for the tablet. The combined value of the preorders is...
-
Discusses the following organizational concepts: Organizational mission: the organization's mission and purpose, stated in terms of benefits to customers, employees, and society Organizational...
-
Think of a specific situation in which you were working with someone who was in a leadership position over you and that person was doing something that was wrong for you. Think of another specific...
-
Critically analyse the main challenges and opportunities that recent disruptive technologies will have on the Hospitality/ Hotel industry and evaluate the possible impact on service level provision.
-
1.In numerous paragraphs, discuss identifying the issue chosen in the article below. 2.Briefly summarize the results of these studies. 3.Include data from the article below that reveals the extent of...
-
We read about a number of different types of owners this week, including individual owners of trophy assets, entrepreneurs, lenders, private equity funds, foreign and sovereign funds, and of course,...
-
Find the equation of the conic section indicated. Hyperbola with vertices (8, 0), asymptotes y = 3/4 x
-
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
-
A surge in health insurance premiums imposes an additional burden on a business. A random sample of 10 employees indicates that the average cost increase per employee is about $2,345 with a standard...
-
According to Nielsen Media Research, approximately 86% of all U.S. households have High-definition television (HDTV). In addition, 49% of all U.S. households own Digital Video Recorders (DVR)....
-
International Housewares Association (IHA) reported that 73% of all U.S. households have ceiling fans. In addition, 77% of all U.S. households have an outdoor grill. Suppose 60% of all U.S....
-
Use the Consumer Food database. What proportion of the database households are in the Metro area? Use this as the value of p in a binomial distribution. If you were to randomly select 12 of these...
-
Assume that the Incentive Pool in Halifax Hospital only included revenues with respect to the professional component of the oncology services. Would the court have reached a different conclusion?...
-
Bob is a sales clerk at a retail clothes store. When he locks the store for the evening at closing time, he is unaware that a customer is in the change room. The customer is unable to call anyone and...
-
Discuss your experience of learning about your classmates and how it impacted your understanding of people from other backgrounds. In your second post, reflect on what you learned in this course and...
Study smarter with the SolutionInn App