Question

Identify each of the variables in the excel file credit approval decisions as categorical, ordinal, interval, or ratio and explain why.

Answer 1

Categorical -Homeowner Ratio -Credit Score Ratio-Years of Credit History Ratio-Revolving Balance Ratio-Revolving Utilization Categorical-Decision In this case variables that are Ratio are measurable such as credit score, years of credit history, etc. While on the other hand Homeowner and Decision are categorical as they can also be categorized into categories and cannot be measured.