Test Bank Statistics for Business and Economics, 8th Edition Paul Newbold A+
- From Business, General Business
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Description
1) Which of the following variables is an example of a categorical variable?
A) The amount of money you spend on eating out each month.
B) The time it takes you to write a test.
C) The geographic region of the country in which you live.
D) The weight of a cereal box. Answer: C
Difficulty: Easy
Topic: Classification of Variables AACSB: Reflective Thinking Skills
Course LO: Explain how data are acquired and distinguish among different types of data and levels of measurement
2) Which of the following is an example of a discrete random variable?
A) The monthly electric bill for a local business.
B) The number of people eating at a local café between noon and 2:00 p.m.
C) The amount of time it takes for a worker t