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.
When the first time a corporation sells stock to the general public, it is referred to as an initial public offering.
An initial public offering (IPO) is when shares or stocks of a private corporation are offered to the public in a new stock issuance for the first time. An initial public offering gives the private firm opportunity to raise equity capital from public donors. This action converts the private corporation into a public organization. This is a way for the original investors and founders to realize the full profit from their original investments.
To hold an initial public offering the corporation must meet the requirements of the security and exchange commission (SEC). Investment banks are usually hired by the company to handle the whole process and price market, gauge demand, and set the IPO share prices and dates. An IPO provides corporations with a lot of capital and gives them a chance to grow and expand their horizons.
You can learn more about initial public offering at
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Answer: b. increasing returns to scale.
Explanation:
With the high capital costs having enabled decreasing average costs for any conceivable level of demand, the company would be making an increasing returns to scale which means that it would be making more return per capital spent.
This will create a natural monopoly because the company will be more efficient in this particular industry and if another company tried to come in, they would have to spend a lot of money to get to a point of increasing returns to scale.
1. Unions have been in decline since the 1960s because of
Answer: <u>A. foreign competition.</u>
Explanation: Unions were often conducted in the past in order to protect workers from<em> "arbitrary decisions" </em>of employers. Such decisions resulted to the<em> laying off of workers </em>and<em> cutting of wages</em>. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."
2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?
Answer: <u>C. The ability to make payments on time.</u>
Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his<em> "ability to return the money</em>." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.