The income of a group of 50 50 loan applicants are obtained. Which level of meas
ID: 3207274 • Letter: T
Question
The income of a group of 50 50 loan applicants are obtained. Which level of measurement income? Nominal Ordinal Interval Ratio None of the above What is the median of 26, 30, 24, 32, 32, 31, 27 and 29? 29 30 29.5 None of the above The coefficient of variation for a set of annual incomes it 18%; the coefficient of variation for the length of service with the company it 29%. What does this indicate? More dispersion in the distribution of the incomes compared with the dispersion of their length of service More dispersion in the lengths of service compared with incomes Dispersion in the two distributions (income and service) cannot be compared using percent's Dispersions are equal None of the above Part II. Short Answer (20 Points Each) Table 1.1 Given the following distribution of ages of 50 people: For the distribution of ages in Table 1.1. what is the relative class frequency for the lowest class? For the distribution of ages in Table 1.1. what is the class interval? For the distribution of ages in Table 1.1, what is the class midpoint of the first class? Extra Credit. Draw a pic chart for the data in Tablell.1.Explanation / Answer
18. Ordinal
19. 29.5 [(29+30)/2]
20. More dispersion in the length of service as compared with incomes.
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