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A study on the spending habits of 100 middle income families in Ontario recorded the following data: monthly mortgage bill,monthly utilities bill,monthly food and gas bills,money spent monthly on entertainment,and monthly miscellaneous bills.
A) Monthly mortgage bill,quantitative,dollars; monthly utilities bill,quantitative,dollars; monthly food and gas bill,categorical; money spent on entertainment,quantitative,dollars; miscellaneous bills,categorical.
B) Monthly mortgage bill,quantitative,dollars; monthly utilities bill,quantitative,dollars; monthly food and gas bill,quantitative,dollars; money spent on entertainment,quantitative,dollars; miscellaneous bills,quantitative,dollars.
C) Monthly mortgage bill,quantitative,money; monthly utilities bill,quantitative,dollars; monthly food and gas bill,quantitative,dollars; money spent on entertainment,categorical; miscellaneous bills,quantitative,dollars; families,categorical.
D) Monthly mortgage bill,quantitative,dollars; monthly food and gas bill,quantitative,dollars; money spent on entertainment,categorical; miscellaneous bills,quantitative,dollars.
E) Monthly mortgage bill,quantitative,dollars; monthly utilities bill,quantitative,dollars; monthly food and gas bill,quantitative,dollars.
Monthly Mortgage
The regular payment made to a lender by a borrower for the purchase of real estate, typically consisting of both principal and interest components.
Spending Habits
Patterns or behaviors related to how individuals or households allocate their money for purchases, savings, and other expenditures.
Utilities Bill
A monthly statement that charges individuals or businesses for the consumption of services like water, electricity, gas, and sewage.
- Comprehend the distinction between quantitative and categorical data and its pertinence in diverse research scenarios.
- Understand and implement the fundamentals of effective survey design alongside choosing suitable methods for data collection.
- Understand the significance of identifying measurement units when gathering and documenting data.
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Learning Objectives
- Comprehend the distinction between quantitative and categorical data and its pertinence in diverse research scenarios.
- Understand and implement the fundamentals of effective survey design alongside choosing suitable methods for data collection.
- Understand the significance of identifying measurement units when gathering and documenting data.
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