Solution Found!
Refer to the Real Estate data at the back of the text, which report information on homes
Chapter 0, Problem 20(choose chapter or problem)
Refer to the Real Estate data at the back of the text, which report information on homes sold in the Goodyear, Arizona, area last year. Consider the following variables: selling price, number of bedrooms, township, and distance from the center of the city. a. Which of the variables are qualitative and which are quantitative? b. Determine the level of measurement for each of the variables.
Questions & Answers
QUESTION:
Refer to the Real Estate data at the back of the text, which report information on homes sold in the Goodyear, Arizona, area last year. Consider the following variables: selling price, number of bedrooms, township, and distance from the center of the city. a. Which of the variables are qualitative and which are quantitative? b. Determine the level of measurement for each of the variables.
ANSWER:Step 1 of 3
Categorical/qualitative variables place the individuals into a category, while a quantitative variable is a numerical variable.
The level of measurement is nominal, if the values of the variables can only be named and not ordered.
The level of measurement is ordinal, if the values of the variables can be named and ordered, but the difference between two values has no meaning.
The level of measurement is interval, if the difference between two values has a meaning, but the variable contains no absolute zero.
The level of measurement is ratio, if the variable contains an absolute zero.