Author Question: What type of variable is a credit score? A. Qualitative B. Quantitative C. ... (Read 61 times)

kodithompson · **on:** Jul 24, 2018

What type of variable is a credit score?
A. Qualitative
B. Quantitative
C. Categorical

Question 2

The video discusses a survey conducted by freecreditscore.com that found that when choosing a long term partner, respondents ranked financial responsibility as important as what characteristic of the potential partner?
A. Physical attractiveness
B. Net worth
C. Age
D. Intelligence

lorealeza · **Reply #1 on:** Jul 24, 2018

Answer to Question 1

B. Quantitative

FEEDBACK:
A credit score is a number, usually between 300 and 800, depending on which credit score is being used. This is a quantitative variable in that, for example, taking an average makes sense. A qualitative variable, also called a categorical variable, describes an entity by placing it into a category or group, such as male or female.

This unit is about correlation and regression, which typically involves predicting the value of a quantitative variable from a known value of another variable that, typically, is also quantitative.

Answer to Question 2

A.Physical attractiveness

FEEDBACK:
The video says that respondents ranked financial responsibility as important as physical attractiveness and compatibility when choosing a long term partner.