BUS-352 Module #1 1.5 The following information is collected from students upon exiting the campus bookstore during the first week of classes: a. Amount of time spent shopping in the bookstore b. Number of textbooks purchased c. Academic major d. Gender Classify each of these variables as categorical or numerical. If the variable is numerical, determine whether the variable is discrete or continuous. a. Numerical - continuous; because time can be measured. b. Numerical - discrete; because it is a value that occurs through a counting process. c. Categorical; because majors can be divided into categories d. Categorical; because gender can be divided into male or females 1.7 For each of the following variables, determine whether the variable is categorical or numerical. If the variable is numerical, determine whether the variable is discrete or continuous. a. Amount of money spent on clothing in the past month b. Favorite department store c. Most likely time period during which shopping for clothing takes place (weekday, weeknight, or weekend) d. Number of pairs of shoes owned a. b. c. d. Numerical - continuous Categorical Categorical Numerical - discrete 1.11 What is the difference between a statistic and a parameter? The difference is that a statistic describes a sample and a parameter describes an entire population. 1.13 What is the difference between a categorical variable and a numerical variable? Categorical variables are names that represent categories. Numerical variables are numbers that represent counts or measurements