A real estate major collected information on some recent local home sales. The f
ID: 3325547 • 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.
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 categorical and ordinal.
C. The variable Full_Market_Value is quantitative, with units dollars.
D. The variable Full_Market_Value is quantitative, with units years.
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 quantitative, with units square feet.
D. The variable SFLA is categorical and nominal.
b) Are these data a time series, or are these cross-sectional? Explain briefly. Choose the correct answer below.
A. These data are cross-sectional. All variables were measured at different times.
B. These data are a time series. All variables were measured at about the same time.
C. These data are cross-sectional. All variables were measured at about the same time.
D. These data are a time series. All variables were measured at different times.
12859 Neighborhood Ma Zip Acres Yr Built Full Market Value SFLA 413400536 Greenfield Manor 412800344 Dublin 412800352 Arcady 12859 12801 12309 10598 10562 12859 0.09 1.64 0.33 2.29 9.16 1962 1961 1993 1964 1950 1997 100400 132498 140000 67100 190000 126900 960 908 1620 900 1222 1056 4128001474 Fort Amherst 4128001552 Granite Springs 413400322 OrmsbeeExplanation / Answer
1) the yr_built is a quantitative with units years
2) full market value is quantitative and with units dollars
3)SFLA is quantitative with units square feet
4) these data are corss sectional. All variables were measured at about the same time.
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