Accounting: Time and Numerical Values

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1.5 The following information is collected from students upon exiting the campus bookstore during the first week of classes:

a. Amount of time spent shopping in the bookstore
Answer: Numerical; Continuous variables because the answer represent quantities. The response arises from a measuring process

b. Number of textbooks purchased
Answer: Numerical; discrete variables because the answer represent quantities. The numerical values that from a counting process.

c. Academic major
Answer: Categorical because the values only be placed into categories allowing multiple selection for the answer.

d. Gender
Answer: Categorical because the values only be placed into categories allowing multiple selection for the answer. In this case the available answers would be male or female. Classify each of these variables as categorical or numerical. If the variable is numerical, determine whether the variable is discrete or continuous.

1.7 For each of the following variables, determine whether the variable is categorical or numerical. If the variable is numerical, determine whether the variable is discrete or continuous.

a. Amount of money spent on clothing in the past month
Answer: Numerical; Continuous variables because the answer represent quantities. The response arises from a measuring process in this case the amounts of money spend.

b. Favorite department store
Answer: Categorical because the values only be placed into categories allowing multiple selection for the answer. In this case the available answers would be the name of the department store.

c. Most likely time period during which shopping for clothing takes place (weekday, weeknight, or weekend) Answer: Categorical because the values only be placed into categories allowing multiple selection for the answer. In this case the available answers would be seven representing the days of the week.

d. Number of pairs of shoes owned
Answer: Numerical; discrete variables because the...
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