Showing posts with label Essentials of Statistics for Business and Economics: Chapter 1. Show all posts
Showing posts with label Essentials of Statistics for Business and Economics: Chapter 1. Show all posts

Ordinary arithmetic operations are meaningful

Ordinary arithmetic operations are meaningful


a. only with categorical data
b. only with quantitative data
c. either with quantitative or categorical data
d. None of these alternatives is correct.


Answer: b. only with quantitative data

Categorical data

Categorical data


a. indicate either how much or how many
b. cannot be numeric
c. are labels used to identify attributes of elements
d. must be non numeric


Answer: c. are labels used to identify attributes of elements

Categorical data

Categorical data


a. must be numeric
b. must be nonnumeric
c. cannot be numeric
d. may be either numeric or nonnumeric


Answer: d. may be either numeric or nonnumeric

Quantitative data

Quantitative data


a. are always nonnumeric
b. may be either numeric or nonnumeric
c. are always numeric
d. None of these alternatives is correct.


Answer: c. are always numeric