Concepts and Ideas 1) Cases, Variables, and Classifications A research team coll

Question

Concepts and Ideas 1) Cases, Variables, and Classifications A research team collects data on a number of recent college graduates in order to determine how much student loan debt the typical student has to pay back.   From each graduate the researcher records: Degree (Associates, Bachelors, Other), Age, Income, Gender, Major, and Number of Semesters Attended, and Student Loan Debt. a) What are the cases? b) What are the categorical variables? c) What are the quantitative variables? d) What is the response variable? e) Which do you believe is the most important explanatory variable? Why?

Explanation / Answer

a) Cases are the how much student loan debt the typical student has to pay back.

b) categorical variable: types of degrees , gender and major

c) quantitative variables: age, income, number of semester attended and student loan debt.

d) student loan debt

e) income, because if income is good then student can easily pay back the loan.

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