BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The letter grades (A, B, C, D, F) of business analysis students are recorded by a professor. This variable’s classification ____
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is quantitative data
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cannot be determined
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is categorical data
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is time series data
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Explanation:
Detailed explanation-1: -(A) Frequency Distribution: A tabular summary of data showing the number (frequency) of data values in each of several nonoverlapping classes.
Detailed explanation-2: -A common graphical representation of quantitative data is a histogram. This graphical summary can be prepared for data previously summarized in either a frequency, relative frequency, or percent frequency distribution.
Detailed explanation-3: -Time series data is a collection of observations obtained through repeated measurements over time.
Detailed explanation-4: -Gender, Ethnicity, or political affiliations are examples of categorical variables.
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