Identify the Following Variable as Either Qualitative or Quantitative and Explain

question 18

Multiple Choice

Identify the following variable as either qualitative or quantitative and explain why.
-Outcome of tossing a coin

• A)Qualitative because it is not a measurement or a count
• B)Quantitative because it consists of a count

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Definitions:

Data

Information collected for reference or analysis, which can be qualitative or quantitative, used to make informed decisions or to support research.

Total Budget Competitor

An entity in the market that directs its entire budget towards strategies aimed at outperforming competitors in certain areas.

Product Competitor

A product competitor refers to another product in the marketplace that meets the same consumer need or desire as the company's own product.

Brand Competitor

Other brands that offer similar products or services in the same category, vying for the same customer base.