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Vesnalui [34]
4 years ago
5

Fifty people were asked to respond to a survey question regarding how frequently they used their credit card. The categories the

y were asked to choose from are given below: 1) Infrequently 2) Sometimes 3) Frequently. qualitative neither
Business
1 answer:
elixir [45]4 years ago
6 0

Complete Question: Classify the following data. Indicate whether the data is quantitative or quantitative, Gender is an example of which type of data here, discrete, continuous, or neither and indicate the level of measurement for the data. Fifty people were asked to respond to a survey question regarding how frequently they used their credit card. The categories they were asked to choose from are given below: Infrequently Sometimes Frequently. 1). Are these data quantitative or quantitative? 2).  Are these data discrete or continuous or Neither ?3). What is the highest level of measurement the data possesses? Nominal, Ordinal, Interval, or Ratio

Answer:  is the data is<em> </em><u><em>Qualitative</em></u>, the data is <u><em>neither</em></u><em> </em>(data not shown) discrete nor continuous, and finally the the level of measurement of data is <u><em>ordinal</em></u>. Lastly

1). What is Quantitative and Qualitative data: <u>Quantitative data</u> includes large groups of people usually in hundreds or thousands, collecting data by structured questionnaire technique that consists of forced choice and closed ended questions. While on the other hand, <u>Qualitative data</u> includes small group and conduct the research in the form of in-person or focus groups, phone interviews and detailed surveys. Qualitative technique is more precise and in depth kind of technique.

2). The option is neither, which means gender (male or female) is not specified. Insufficient information is given of the people's gender.

  • Continuous data ( data that can be divided and reduced to more precise level <u>for example</u> <em>measurements</em>)
  • Discrete data ( this form of data includes integers, which means the count cannot be made more accurate <u>for example</u> <em>counts</em>)

3). Level of measurement of data: There are four types of data levels of measurements namely;

  • Nominal
  • Ordinal
  • Interval
  • Ratio

Ordinal level of measurement: In an ordinal level of measurement, data is specified in order form which means the ordinal level of measurement shows an ordering of the measurements. <u>For example</u>, In a class of 20 students, the student who got the highest marks in the exam stood 1st rank in the class then the student who got second highest marks stood 2nd rank in the class and so on. The students got their ranks order wise according to the marks they obtained.

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Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net
dezoksy [38]

Answer:

$99,600

Explanation:

If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

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What Acceptance means in ethical behavior ?
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3 years ago
The distribution of income for Dismal is as follows: Number of Families Income 1,000 less than $10,000 2,000 between $10,000 and
RUDIKE [14]

Answer:

The correct answer is:

$20,000 (b.)

Explanation:

In order order to calculate the poverty line for Dismal, we will first of all calculate the total number of families in Dismal as follows:

from lowest to high income = 1,000 + 2,000 + 2,000 + 800 + 200 = 6,000

Next, we are told that the poverty rate = 50% = 0.05

Since the Total families = 6000

Therefore, number of poor families = 50% of 6,000 = 0.05 × 6000 = 3,000

Therefore 3,000 families are poor in Dismal

To determine the poverty line, we will count from the lowest earning families upwards until the 3,000th family. The highest income of the 3,000 families counted forms the poverty line. This is done as follows:

1,000 families = $10,000

2,000 families = $10,000 to $20,000

These two groups make up the first 3000 families, and the highest income in the group is $20,000.

Hence the poverty line of Dismal = $20,000

5 0
3 years ago
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