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In addition to the variables listed above, data were also collected on the variables listed below. Indicate whether each is nominal or ordinal.
• Region (Urban, Suburban, Rural)
• Education (Less than High School, High School, College, University)
• Marital Status (Single, Widowed, Divorced, Married)
Correlation Coefficient
Represented by r, it is a number between −1 and 1, inclusive, that is used to judge how closely a line fits the data.
Median
The middle value in a data set when the values are arranged in ascending or descending order.
Discretionary Expense
Non-essential spending or expenses that an individual chooses to make, which can be cut without impacting their ability to cover basic living costs.
Measures Of Central Tendency
Single numbers, such as the mean, median, and mode, designed to represent a “typical” value for the data.
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