Question

Elizabeth Burke has recently joined the PLE management team to oversee production operations. She has reviewed the types of data that the company collects and has assigned you the responsibility to be her chief analyst in the coming weeks. To prepare for this task, you have decided to review each worksheet and determine whether the data were gathered from internal sources, external sources, or have been generated from special studies. Also, you need to know whether the measures are categorical, ordinal, interval, or ratio. Prepare a report summarizing the characteristics of the metrics used in each worksheet.

Answer 1

Answer and Explanation:

Since we are classifying data on whether they are internal, external, from special studies or ordinal data, categorical, interval or ratio, we will classify the following data from worksheets for example on where they belong on data type and source of data

Note:

Ordinal data is data arranged with a particular order

Categorical data is data that is arranged in groups

Ratio data is data that is represented in the form of a percentage or ratio such as inventory turnover ratio

Interval data is data that is represented on the basis of an interval such as a time interval

Source of data is simply where data was gotten from

Please find attachment to see Data classifications