Question

A. A business is attempting to find the best small town in the United States in which to relocate. As part of the investigation, the elevations of all small towns in the United States are researched. Some towns are located high in the Rockies with elevations over 8,000 feet. There are even some towns located in the south central valley of California with elevations below sea level. These elevations can best be described as which level of data

b. The unemployment rate is often used as an indicator of a community’s economic vitality. An unemployment rate is best described as what level of measurement?

Answer 1

a. As given in the question, some towns are located high in the Rockies above the sea level and some are located in the south-central valley of the California below the sea level as well. The meaningful zero does not exists here and the variable of interest is continuous(quantitative). Hence, the elevations can be best described as an interval data.

b. The unemployment rate can not be negative. Therefore, the meaningful zero exist here. Hence, the unemployment rate can be best described as ratio data.