Question

Find the level of measurement (nominal, ordinal, interval, or ratio) and type quantitative or qualitative) for the following variable.
a. End-of-year stock classification (high yield, medium yield, or low yield)
b. Length (in feet) of a roll of plastic wrap advertised to be 30 feet long.
c. Temperature (in degrees Celsius)
d. Duration (in minutes) of a call to a customer support line

Answer 1

Answer:

a. Nominal and qualitative.

b. Ratio and quantitative.

c. Interval and quantitative.

d. Interval and quantitative.

Step-by-step explanation:

A level of measurement can be defined as a classification which is used to illustrate the attributes of the values assigned to variables. There are four (4) basic levels of measurement for a variable and these are;

1. Interval: data can be arranged in an ordering scheme and subtracting its differences is meaningful. Examples are year, temperature, time etc.

2. Ratio: data can be arranged in an ordering scheme and subtracting its differences is meaningful with respect to the value of true zero. Examples are height, price, weight, distance etc.

3. Ordinal: data can be arranged in an ordering scheme but subtracting its differences is meaningless or impossible. Examples are happy, sad etc.

4. Nominal: is characterized by data that are non-numerical, comprises of categories, labels or names and can't be arranged in an ordering scheme.

In this scenario, the level of measurement and data type are listed below;

a. End-of-year stock classification (high yield, medium yield, or low yield): the level of measurement is nominal because they are categorized. Also, the type of data is qualitative because it describes the quality of the stock and it's non-numerical in nature.

b. Length (in feet) of a roll of plastic wrap advertised to be 30 feet long: the level of measurement is a ratio because they can be arranged in order. Also, it's a quantitative data because it is numerical in nature.

c. Temperature (in degrees Celsius): the level of measurement is an interval because they can be arranged in order and the difference in value is meaningful. Also, the type of data is quantitative because it is numerical in nature.

d. Duration (in minutes) of a call to a customer support line: the level of measurement is an interval because they can be arranged in order and the difference in value is meaningful. Also, the type of data is quantitative because it is numerical in nature.