BUSINESS ADMINISTRATION
RESEARCH METHODOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Detailed explanation-1: -A categorical variable that can take on exactly two values is termed a binary variable or a dichotomous variable; an important special case is the Bernoulli variable.
Detailed explanation-2: -A categorical variable (also called qualitative variable) refers to a characteristic that can’t be quantifiable. Categorical variables can be either nominal or ordinal.
Detailed explanation-3: -Data collected about a numeric variable will always be quantitative and data collected about a categorical variable will always be qualitative. Therefore, you can identify the type of data, prior to collection, based on whether the variable is numeric or categorical.
Detailed explanation-4: -Characteristics of Variable 1. Capable of assuming several values representing a certain category. 2. Values that may arise from counting and or from measurement.