Question Solved1 Answer Types of Variables- Exercise The Applewood Auto Group (AAG) would like to summarize the profit earned on the vehicles sold with tables, charts, and graphs that she would review monthly. Partial data for 180 customers are shown on the table on the right. Age—the age of the buyer at the time of the purchase Profit-the amount earned by the dealership on the sale of each vehicle Location-the dealership where the vehicle was purchased Vehicle type-SUV, sedan, compact, hybrid, or truck Previous—the number of vehicles previously purchased at any of the four Applewood dealerships by the customer A B С D E 1 Age Profit Location Vehicle-Type Previous 2 21 $1,387 Tionesta Sedan 0 3 23 $1,754 Sheffield SUV 1 4 24 $1,817 Sheffield Hybrid 1 5 25 $1,040 Sheffield Compact 0 6 26 $1,273 Kane Sedan 1 7 27 $1,529 Sheffield Sedan 1 8 27 $3,082 Kane Truck 0 9 28 $1.951 Kane 1 10 28 $2,692 Tionesta Compact 0 11 29 $1,206 Sheffield Sedan 12 29 $1,342 Kane Sedan 2 13 30 $443 Kane Sedan 3 14 30 Olean Sedan 2 SUV 0 $754 1. Please identify the type of variable by using nominal, ordinal, interval and ratio. 2. Please identify the type of variable by using qualitative, continuous and discrete.

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Transcribed Image Text: Types of Variables- Exercise The Applewood Auto Group (AAG) would like to summarize the profit earned on the vehicles sold with tables, charts, and graphs that she would review monthly. Partial data for 180 customers are shown on the table on the right. Age—the age of the buyer at the time of the purchase Profit-the amount earned by the dealership on the sale of each vehicle Location-the dealership where the vehicle was purchased Vehicle type-SUV, sedan, compact, hybrid, or truck Previous—the number of vehicles previously purchased at any of the four Applewood dealerships by the customer A B С D E 1 Age Profit Location Vehicle-Type Previous 2 21 $1,387 Tionesta Sedan 0 3 23 $1,754 Sheffield SUV 1 4 24 $1,817 Sheffield Hybrid 1 5 25 $1,040 Sheffield Compact 0 6 26 $1,273 Kane Sedan 1 7 27 $1,529 Sheffield Sedan 1 8 27 $3,082 Kane Truck 0 9 28 $1.951 Kane 1 10 28 $2,692 Tionesta Compact 0 11 29 $1,206 Sheffield Sedan 12 29 $1,342 Kane Sedan 2 13 30 $443 Kane Sedan 3 14 30 Olean Sedan 2 SUV 0 $754 1. Please identify the type of variable by using nominal, ordinal, interval and ratio. 2. Please identify the type of variable by using qualitative, continuous and discrete.
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Transcribed Image Text: Types of Variables- Exercise The Applewood Auto Group (AAG) would like to summarize the profit earned on the vehicles sold with tables, charts, and graphs that she would review monthly. Partial data for 180 customers are shown on the table on the right. Age—the age of the buyer at the time of the purchase Profit-the amount earned by the dealership on the sale of each vehicle Location-the dealership where the vehicle was purchased Vehicle type-SUV, sedan, compact, hybrid, or truck Previous—the number of vehicles previously purchased at any of the four Applewood dealerships by the customer A B С D E 1 Age Profit Location Vehicle-Type Previous 2 21 $1,387 Tionesta Sedan 0 3 23 $1,754 Sheffield SUV 1 4 24 $1,817 Sheffield Hybrid 1 5 25 $1,040 Sheffield Compact 0 6 26 $1,273 Kane Sedan 1 7 27 $1,529 Sheffield Sedan 1 8 27 $3,082 Kane Truck 0 9 28 $1.951 Kane 1 10 28 $2,692 Tionesta Compact 0 11 29 $1,206 Sheffield Sedan 12 29 $1,342 Kane Sedan 2 13 30 $443 Kane Sedan 3 14 30 Olean Sedan 2 SUV 0 $754 1. Please identify the type of variable by using nominal, ordinal, interval and ratio. 2. Please identify the type of variable by using qualitative, continuous and discrete.
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We are asked to identify the type of variable for the given variables 1. Using nominal, ordinal, interval and ratio Age- Age is ratio because there is a true 0 value(a newborn has an age of 0) Profit- Profit is also ratio because there is a true 0 value(profit on a vehicle can be 0) Location- Location is nominal because there is no order to the location of the dealership(the dealerships can be ordered in any way and it would not make any difference) Vehicle type- Vehicle type is ordinal because there is an order to the vehicle types(ordered according to their size) Previous- Previous is ratio because there is a true 0 value(0 means that no ... See the full answer