A real estate major collected information on some recent local home sales. The f
ID: 3324884 • Letter: A
Question
A real estate major collected information on some recent local home sales. The first 6 lines of the database appear in the accompanying table. The columns correspond to the house identification number, the community name, the zip code, the number of acres of the property, the year the house was built, the market value, and the size of the living area (in square feet). Complete parts a and b below.
a) For each variable, would you describe it as primarily categorical, or quantitative? If quantitative, what are the units? If categorical, is it ordinal or simply nominal?
Describe the variable House_ID. Choose the correct answer below.
A. The variable House_ID is categorical and ordinal.
B. The variable House_ID is categorical and nominal.
C. The variable House_ID is an identifier variable.
D. The variable House_ID is quantitative, with units house number.
Describe the variable Neighborhood. Choose the correct answer below.
A. The variable Neighborhood is categorical and ordinal.
B. The variable Neighborhood is quantitative, with units neighborhood name.
C. The variable Neighborhood is categorical and nominal.
D. The variable Neighborhood is quantitative, with units number of neighborhoods.
Describe the variable Mail_Zip. Choose the correct answer below.
A. The variable Mail_Zip is quantitative, with units zip code.
B. The variable Mail_Zip is categorical and ordinal.
C. The variable Mail_Zip is categorical and nominal.
D. The variable Mail_Zip is an identifier variable.
Describe the variable Acres. Choose the correct answer below.
A. The variable Acres is quantitative, with units square feet.
B. The variable Acres is categorical and nominal.
C. The variable Acres is categorical and ordinal.
D. The variable Acres is quantitative, with units acres.
Describe the variable Yr_Built. Choose the correct answer below.
A. The variable Yr_Built is categorical and nominal.
B. The variable Yr_Built is an identifier variable.
C. The variable Yr_Built is categorical and ordinal.
D. The variable Yr_Built is quantitative, with units years.
Describe the variable Full_Market_Value. Choose the correct answer below.
A. The variable Full_Market_Value is categorical and nominal.
B. The variable Full_Market_Value is quantitative, with units dollars.
C. The variable Full_Market_Value is quantitative, with units years.
D. The variable Full_Market_Value is categorical and ordinal.
Describe the variable SFLA. Choose the correct answer below.
A. The variable SFLA is quantitative, with units acres.
B. The variable SFLA is categorical and ordinal.
C. The variable SFLA is categorical and nominal.
D. The variable SFLA is quantitative, with units square feet.
b) Are these data a time series, or are these cross-sectional? Explain briefly. Choose the correct answer below.
A. These data are a time series. All variables were measured at about the same time.
B. These data are cross-sectional. All variables were measured at about the same time.
C. These data are a time series. All variables were measured at different times.
Yr Built FullMarket Value SFLA 12859 Neighborhood Mail_Zip Acre:s 413400536 Greenfield Manor 412800344 Dublin 412800352 Arcady 12859 12801 12309 10598 10562 12859 0.09 1.69 0.33 2.29 9.14 1962 1961 1993 1964 1955 1997 100400 132505 140000 67100 190000 126900 960 909 1620 900 1223 1056 4128001474 Fort Amherst 4128001552 Granite Springs 413400322 OrmsbeeExplanation / Answer
C. The variable House_ID is an identifier variable.
C. The variable Neighborhood is categorical and nominal.
B. The variable Mail_Zip is categorical and ordinal.
D. The variable Acres is quantitative, with units acres.
Please repost the other parts individually.
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