BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Always refers to a sample
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Is not numeric
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Has only two possible outcomes
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All of the above
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Detailed explanation-1: -A qualitative variable, also called a categorical variable, is a variable that isn’t numerical. It describes data that fits into categories.
Detailed explanation-2: -Qualitative variables are often descriptive but can sometimes be given a numeric value. For example, a dataset may represent the color of a person’s eyes by numbers such as 1, 2, and 3, where 1 = blue, 2 = brown, 3 = green.
Detailed explanation-3: -A numeric variable (also called quantitative variable) is a quantifiable characteristic whose values are numbers (except numbers which are codes standing up for categories). Numeric variables may be either continuous or discrete.
Detailed explanation-4: -Qualitative data can be observed and recorded. This data type is non-numerical in nature. This type of data is collected through methods of observations, one-to-one interviews, conducting focus groups, and similar methods.
Detailed explanation-5: -Also known as categorical variables, qualitative variables are variables with no natural sense of ordering. They are therefore measured on a nominal scale.