Classify each variable in the dataset by the level of measurement (nominal, ordi
ID: 3153817 • Letter: C
Question
Classify each variable in the dataset by the level of measurement (nominal, ordinal, interval, and ratio) and by the type of variable (Categorical or Numerical, then discrete or continuous)
Data to be classified:
1)Bank account balance
2)Number of times a customer used the ATM in a month
3) Number of banking services used by a customer in a month
4) Does the customer have a debit card? Yes or No
5)Does the customers account collect interest? Yes or No
6) Which city is a customer in? 5 cities, numbered 0 through 5
Thanks!
Explanation / Answer
(1)
Bank account balance
It is numerical and continuous variable. Level of measurement: ratio
(2)
Number of times a customer used the ATM in a month
It is numerical and discrete variable. Level of measurement: ratio
(3)
Number of banking services used by a customer in a month
It is numerical and discrete variable. Level of measurement: ratio
(4)
Does the customer have a debit card? Yes or No
It is Categorical and nominal variable.
(5)
Does the customers account collect interest?
It is Categorical and nominal variable.
(6)
Which city is a customer in?
It is Categorical and nominal variable.