The Following Shows the Temperatures (High, Low) and Weather Conditions

question 54

Essay

The following shows the temperatures (high, low) and weather conditions in a given Sunday for some selected world cities. For the weather conditions, the following notations are used: c = clear; cl = cloudy; sh = showers; pc = partly cloudy.
a.How many elements are in this data set?
b.How many variables are in this data set?
c.How many observations are in this data set?
d.Name the variables and indicate whether they are categorical or quantitative.
e.For which variables are arithmetic operations appropriate and for which are they not appropriate?

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Definitions:

Public Issue

The offering of shares by a company to the public for the first time to raise capital.

Standby Fee

A charge paid to a lender or service provider for keeping credit or facilities available to a borrower, even if not currently used.

Overallotment Option

A provision that allows underwriters to sell investors more shares than initially planned by the issuer, typically in an Initial Public Offering (IPO).

IPO Underpricing

The phenomenon where the initial offering price of a stock is set lower than the market price on its first trading day.