The incomes of 50 loan applicants are obtained which level of measurement is income

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Hi, I'm David and I'm meeting. Have you answered your question? Now, let me pick up your question here. In the question. Here we are going to discuss about the level under measurement on the variable. Now we have 24 times under measurement. The minimum one will be the nominal, The value of the nominal. It will be the category called values. When we will have the data can't be ranked mm hmm. For example, like a gender, male and female. We cannot rank them. Now. The next one, it will be the Audino. Audino will be the same category. Go. Mhm. Values. But the data can be ranked, for example, the writing and then then next one minute interval, the interval and has a value as an integer values. And the value will be accountable. And the last one with the ratio, the ratio will be any real value. And then they will be uncountable. And here we see the incomes. I'm a group on the 50 loan applicants are obtained. So we know the income that will be the money and the money will be uncountable. So therefore it will be the ratio

30. A bank asks customers to evaluate the drive-thru service as good, average, or poor. Whichlevel of measurement is this classification?

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AACSB: Communication AbilitiesBloom's: ComprehensionDifficulty: EasyLearning Objective: 01-06 Recognize the levels of measurement in data.Topic: Levels of measurement31. What is a portion or part of a population called?

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AACSB: Communication AbilitiesBloom's: KnowledgeDifficulty: EasyLearning Objective: 01-03 Understand the differences between a sample and a population.Topic: Population versus Sample32. If Gallup, Harris and other pollsters asked people to indicate their political party affiliationas Democrat, Republican or Independent, the data gathered would be an example of whichscale of measurement?A.NominalB.OrdinalC.IntervalD.Ratio

AACSB: Communication AbilitiesBloom's: ComprehensionDifficulty: EasyLearning Objective: 01-06 Recognize the levels of measurement in data.Topic: Levels of measurement1-24

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Which of the following is an example of a measure of continuous variables?

2) Continuous Variables: These are sometimes called quantitative or measurement variables; they can take on any value within a range of plausible values. For example, total serum cholesterol level, height, weight and systolic blood pressure are examples of continuous variables.

What is a portion or part of a population called?

Samples. A sample is a random selection of members of a population. It is a smaller group drawn from the population that has the characteristics of the entire population. The observations and conclusions made against the sample data are attributed to the population as a whole.

Which of the following is one of the purposes of descriptive statistics?

Descriptive statistics can be useful for two purposes: 1) to provide basic information about variables in a dataset and 2) to highlight potential relationships between variables.

When statisticians analyze sample data in order to draw conclusions about the characteristics?

This process is known as statistical inference. 2.