Identify the type of variable-nominal-ordinal or scale

Assignment Help Basic Statistics
Reference no: EM131736153

Question: The Kentucky Derby is perhaps the premier event in U.S. horse racing, and it provides many opportunities for identifying types of variables. For each of the following examples, identify the type of variable-nominal, ordinal, or scale.

a. As racing fans, we would be very interested in the variable of finishing position. For example, a stunning upset took place in 2005 when Giacomo, a horse with 50-1 odds, won, followed by Closing Argument and then Afleet Alex.

b. We also might be interested in the variable of finishing time. Giacomo won in 2 minutes, 2.75 seconds.

c. If we were the betting type, we might examine the variable of payoffs. Giacomo was such a long shot that a $2.00 bet on him to win paid an incredibly high $102.60.

d. We might be interested in the history of the Derby and the demographic variables of jockeys, such as gender or race. For example, in the first 28 runnings of the Kentucky Derby, 15 of the winning jockeys were African American.

e. In the luxury boxes, high fashion reigns; we might be curious about the variable of hat wearing, observing how many women wear hats and how many do not.

Reference no: EM131736153

Questions Cloud

What is the sample used by the researchers : The Health Study of Nord-Trøndelag County of Norway surveyed more than 60,000 people in a Norwegian county and reported that "people who have gastrointestinal.
Examine whether swimmers were impaired during race or not : One might examine whether swimmers were impaired during the race or not. Phelps was blinded when his goggles filled with water.
Prepare the adjusting entries on january : Greg Mabasa, B.D.S., opened a dental practice on 1 January 2012. Prepare the adjusting entries on 31 January
Identify and describe the problem affecting the industry : Develop a complete business case for an idea. This may be a real example from your work environment or a fictional example from anywhere you choose.
Identify the type of variable-nominal-ordinal or scale : The Kentucky Derby is perhaps the premier event in U.S. horse racing, and it provides many opportunities for identifying types of variables.
Create table patient information : CREATE TABLE Patient Information (Patented char(6) not null, LastName varchar(64) not null, FirstName varchar(24) not null, DateOfBirth varchar.
Define the scale variable is discrete or continuous : For each of the following examples, state whether the scale variable is discrete or continuous. The capacity, in terms of songs, of an iPod.
Explain how a test such as the rorschach could be reliable : The book What's Wrong with the Rorschach: Science Confronts the Controversial Inkblot Test (Wood et al., 2003) presents an overview of scientific evidence.
What is the price of a 4-year : What is the price of a 4-year, 8.2% coupon rate, $1000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 11.9%?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd