Question 495059: A. Classify the following as an example of nominal, ordinal, interval, or ratio level of mesurement, and state why it represents this level: ranking of college basketball teams.
B. Determine if this data is qualitative or quantitative: Home value.
C. In your own line of work give one example of a discrete and one example of a continius random variable, and describe why each is continous or discrete.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! A. Classify the following as an example of nominal, ordinal, interval, or ratio level of mesurement, and state why it represents this level:
ranking of college basketball teams.::: ordinal---simply ranks the teams
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B. Determine if this data is qualitative or quantitative: Home value.
::::: ratio because there is a Real zero
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C. In your own line of work give one example of a discrete and one example of a continius random variable, and describe why each is continous or discrete.
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time is continuous
pay is discrete
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Cheers,
Stan H.
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