Determine Whether the Data Described Are Qualitative or Quantitative and Give

question 107

Multiple Choice

Determine whether the data described are qualitative or quantitative and give their level of measurement. If the data are quantitative, state whether they are continuous or discrete.
-Automobile battery ratings: "good", "better", "best"

• A)Qualitative, ordinal
• B)Qualitative, ordinal, discrete
• C)Quantitative, ordinal, discrete
• D)Qualitative, nominal

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Definitions:

Rebate

A partial refund to someone who has paid too much money for tax, rent, or a utility, or an incentive payment to induce a particular purchase or behavior.

Cash Balance

The amount of cash in a company's accounts at any given time, important for ensuring liquidity and operational compatibility.

Inventory Loan

A loan that is secured by the inventory of a business, allowing the company to use its inventory as collateral.