Wednesday, May 19, 2010

Variables and their types.

Variables whose values are determined by chance are called random variables.

There are two types of variables:

1) Qualitative variables.
2) Quantitative variables.


Qualitative
variables are non numeric in nature and do have any particular ordering.

here are some examples of Qualitative variables; Hair color (Black, Brown)


Quantitative variables can assume numeric values and can be classified into two groups:
  • Discrete variables.
  • Continuous variables.
here are some examples of Quantitative variables; height, weight etc.....

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