Qrb 501 Week 2

Running head: MEASUREMENT, SIMULTANEOUS EQUATIONS, AND TIME SERIES Measurement, Simultaneous Equations, and sequence serial publication Questions QRB/501 MEASUREMENT, SIMULTANEOUS EQUATIONS, AND TIME SERIES Measurement, Simultaneous Equations, and Time Series Questions Levels of Measurement Question from; Statistical Techniques in Business and economic science text. Ch.1, Exercise 18. Refer to the Wage data, which reports information on yearly wages for a sample of 100 workers. Also included atomic number 18 unsettleds relating to industry, years of education, and gender for each worker. A) Which of the 12 variables ar qualitative and which argon quantitative? 1) Annual wage in dollars 2) sedulousness (1 = Manufacturing, 2 = Construction, 0 = Other) 3) Occupation (1 = Mgmt., 2 = Sales, 3 = Clerical, 4 = Service, 5 = Prof.

, 0 = Other) 4) eld of education 5) Southern resident (1 = Yes, 0 = No) 6) Non-white (1 = Yes, 0 = No) 7) Hispanic (1 = Yes, 0 = No) 8) Female (1 = Yes, 0 = No) 9) long time of Work Experience 10) Married (1 = Yes, 0 = No) 11) Age in years 12) heart and soul member (1 = Yes, 0 = No) When the characteristic being studied is nonnumeric it is a Qualitative Variable. From the above 12 variables the ones that are qualitative are; 2) Industry, 3) Occupation, 5) Southern resident, 6) Non-white, 7) Hispanic, 8) Female, 10) Married, 12) Union Member. When the variable studied can be reported numerically it is called a Quantitative Variable. From the above 12 variables the ones that are quantitative are; 1) Annual wage in dollars, 4) Years of education, 9) Years of work experience, 11) Age in years. B) Determine the take aim of measurement for each variable. The level of measurement of each variable often dictates the calculations that can be done to summarize and rescue the data and will also determine the statistical... If you want to push a full essay, order it on our website: Orderessay

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