Types of Variables and the Nature of Statistical Data

Question 1

Explain the meaning of quantitative variable.

Answer 1

A variable that can be measured numerically.

Question 2

Explain the meaning of qualitative variable.

Answer 2

A variable that cannot assume a numeric value but can be classified into two or more nonnumeric categories.

Question 3

Explain the meaning of discrete variable.

Answer 3

A variable whose values are countable.

Question 4

Explain the meaning of continuous variable.

Answer 4

A variable that can assume any numerical value over a certain interval or intervals.

Question 5

Explain the meaning of quantitative data.

Answer 5

Data collected on a quantitative variable.

Question 6

Explain the meaning of qualitative data.

Answer 6

Data collected on a qualitative variable.

Question 7

Explain the difference between cross-section and time-series data.

Answer 7

Cross section data, data collected on different elements at the same point in time.

Time-series data, data collected on the same element at different points in time.