Question

The Commerce Department reported receiving the following applications for the Malcolm Baldrige National Quality Award: 23 from large manufacturing firms, 18 from large service firms, and 30 from small businesses.

1. Is type of business a qualitative or quantitative variable?
2. What percentage of the applications came from small businesses (to 1 decimal)?

Answer 1

1. Categorical
2. 42.25%

Explanation:

1. CATEGORICAL, because the type of business will not be numerical.
2. 30 of the 71 (23+18+30) businesses are small businesses.

30/71 = 0.4225 = 42.25%