Question: this is for a buisiness analysis class Price 1. You are given some data, a portion of which is provided in the following table: Brand
Price 1. You are given some data, a portion of which is provided in the following table: Brand Model Customer Voice Time Rating Quality Between Charges (Hours) Able B7634 78 Good 8.3 Bronson CC83G7 62 Excellent 7.2 $599 $459 a. Which variables in the table are categorical and which are quantitative? b. What is the scale of measurement for each variable in the table? 2. For each of the following, state whether the variable is categorical or quantitative. Also, provide the scale of measurement for each variable. a. Weekly closing price of a stock on the New York Stock Exchange (NYSE). b. The month that has the highest vacancy rating at a motel. c. The size of soft drink ordered by customers. d. The occupation of recent SHSU graduates. e. Recent SHSU graduates' rating of the instruction they received (poor, good, excellent, etc.). f. Miles per gallon for a recently purchased car. 3. The Dean claims that GPA of College of Business Administration students at Sam Houston State Uni- versity is 2.78. You sample 100 transcripts of students and calculate the average GPA of these 100 stu- dents to equal 2.56. a. What is the population of interest? b. What is the sample? c. What is the parameter? d. What is the statistic? 4. The state highway patrol claims that the average driver's speed on a certain highway is 53.6 miles per hour. The state transportation department measures the speed of one hundred cars on the same highway. The transportation department calculates that the one hundred cars sampled traveled at an average speed of 49.8 miles per hour. a. What is the population of interest? b. What is the sample? C. What is the parameter? d. What is the statistic
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
