BUS 308-ChapterProblems

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BUS 308 – Statistics for Managers Week 1: Chapter 1 1.3 : Below we list several variables. Which of these variables are quantitative and which are qualitative? Explain. a. The dollar amount on an accounts receivable invoice. This is an example of quantitative data because it is numerical data that has meaning as a measurement. b. The net profit for a company in 2006 . This is an example of quantitative data because it is numerical data with meaning as a measurement. c. The stock exchange on which a company’s stock is traded. This is an example of qualitative data because it represents characteristics. d. The national debt of the United States. This is an example of quantitative data because it is numerical data that has meaning as a measurement. e. The advertising medium (radio, television, or print) used to promote a product. This is an example of qualitative data because it represents characteristics. 1.17: Classify each of the following qualitative variable as ordinal or nominative. Explain

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Unformatted text preview: your answers. Statistics course letter grade: This is an example of ordinal data because there is a meaningful ranking of the category. Door choice on game show: This is an example of nominative data because there is a no meaningful order of the category. Television show classifications: This is an example of ordinal data because there is a meaningful ranking of the category. Personal computer ownership: This is an example of nominative data because there is no meaningful order of the category. Restaurant rating: This is an example of ordinal data because there is a meaningful ranking of the category. Income tax filing status: This is an example of nominative data because there is no meaningful order of the category. Week 1: Chapter 3 3.3: Calculate the mean, median, and mode of each of the following populations of numbers: a. 9, 8, 10, 10, 12, 6, 11, 10, 12, 8 b. 110, 120, 70, 90, 90, 100, 80, 130, 140...
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