QNT351 Week 1 DQ 3
QNT351 Week 1 DQ 3
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Date Created: 11/14/15
QNT/351 Version 3 Quantitative Analysis for Business Week 1, DQ 3 Due Saturday, Week 1 Day 5 Please post your response to the following discussion question by clicking on Reply. Select four variables, other than what your fellow students have already selected, that could be measured by nominal, ordinal, interval, and ratio scale. Classify them by measurement scale and select descriptive statistics that can be used to summarize data. Use the following table when posting your response: Variable Level of Descriptive Stat and Measurement Justify Selection Nominal Ordinal Interval Ratio RESPONSE Variable Level of Descriptive Stat and Measurement Justify Selection Gender Nominal Male or Female / Quantitative Happy Ordinal Happy vs Sad / Quantitative Latitude Interval +90 vs 90 / Qualitative Age Ratio 099 years old / Qualitative RESPONSE 2 Variable Level of Measurement Descriptive Stat and Justify Selection Religion Nominal There is no religion that is one better than the other. The value of the variable is qualitative and cannot be measured by numerical value. Music Ordinal Songs and artists can be measured against one another and receive a "value" that way. However, there is no true numerical value to measure the difference between preference rating. Temperature Interval The value is measured on a numerical scale and there is an equal distance between the numbers on a temperature scale. Distances within a Ratio All values can be measured in ratio to a mile whole mile. RESPONSE 3 Variable Level of Measurement Descriptive Stat and Justify Selection mammal Nominal Mammal or Animal Quantitative Unhappy Ordinal Unhappy vs happy Quantitative Clothing sizes Interval Sizes 5,6,7,8,8,9 Order of the number certain intervals Money Ratio The ratio of the value of money RESPONSE 4 On any typical survey a person will be asked gender, age bracket, education level and the optional ethnicity. Job seekers will find he or she is asked the level of experience obtained; the same information may be asked when answering questions about experience in any hobby also. Variable Level of Measurement Descriptive Stat and Justify Selection Gender Nominal Are you Male, or Female? proportions or percentages to determine a value Age Ordinal What is your age group? 18 22, 2540, 4055, or 55+ Rank variables along with education to determine highest percentage of education Education Level Interval What is you highest degree of education? High School/GED, Some college, Associate’s degree, or Technical School Ethnicity Ratio Latino/Hispanic, Caucasian, AfricanAmerica, Native America, Pacific Islander, Other? To define the populations of immigrants and their dependents, or to look at the racial, ethnic, and cultural diversity This data should provide a researcher with enough data to start analyzing the results. They are general questions that work in a quantitative and qualitative capacity. RESPONSE 5 Variable Level of Descriptive Stat and Measurement Justify Selection Types of Nominal It's hard to compare property a condo from house, and vice versa, including commercial property. It is only relative to the buyers situation. Survey (end Ordinal A customer (or of class survey) student) satisfaction survey asking questions or providing statements in which the individual can answer: Somewhat agree, agree, strongly agree, disagree, strongly disagree. Income levels Interval Can be in intervals of $2000, or any other number as long as it is constant. Sliced Ratio 10 sliced almonds is almonds (I'm trying going to be double the to think outside the amount of 5 sliced almonds. box here) Also, 0 sliced almonds is just that, nothing.
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