Question

Categorical or Quantitative (Numerical)?Airbnb is a large online marketplace for peopleto list, discover, and book unique accommodations around the world. This online service hasgrown into a multi-billion dollar industry that is even popular right here in Ames, IA. Classifyeach variable below as categorical or quantitative.(a) Month of the year with the most Airbnb reservations in Ames, IA.(b) Airbnb’s total annual profit. (c) Type of rental on Airbnb ( Type 1= whole house, Type 2 = private room, Type 3 = shared room, etc.). (d) Unique 10-digit reservation number for each Airbnb stay. (e) Number of house rentals available in a given county of Iowa.

Answer 1

Answer:

a. Categorical

b. Quantitative

c. Categorical

d. Categorical

e. Quantitative

Step-by-step explanation:

a.

Month of year with most reservations is a qualitative or categorical variable because it can't be represented numerically in a meaningful way. For example, with most reservations month of a year can be June or July.

b.

Airbnb's  total annual profit is a quantitative variable because it can be presented in numerical form and mathematical operation can be meaningfully  interpreted.

c.

Type of rental on Airbnb is a qualitative or categorical variable because it can't be represented numerically in a meaningful way. Also, it can be divided into categories whole house, private room and shared room etc.

d.

Unique 10-digit reservation number is a qualitative or categorical variable as these exists in numerical form but these numbers are used only as identifiers. The  mathematical operation on these numbers can't be meaningfully be interpreted.

e.

Number of house rentals is quantitative variable because it can be presented in numerical form and mathematical operation can be meaningfully interpreted.