Question

Product preference depends in part on the age, income, and gender of the consumer. A market researcher selects a large sample of potential car buyers. For each consumer, she records gender, age, household income, and automobile preference. Which of these variables are categorical and which are quantitative?

gender 1---Select---categorical quantitative
age 2---Select---quantitative categorical
household income 3---Select---quantitative categorical
automobile preference4 Select---quantitative categorical

Answer 1

Answer: Gender = categorical ; Age = quantitative ; Household income = quantitative ; Automobile preference = Categorical

Explanation:

Distinction between quantitative and categorical variables are based made on whether the variables are represented with a numeric or non-numeric value. Categorical variables usually takes in strings such as in the scenario above, the appropriate input for gender will be either 'Male' or 'Female' and Automobile preference will be a string of the type of automobile which the user prefers. On the other hand, quantitative variables will accept numeric values such as age and household income.