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Question 1 (16 marks) A consultancy firm took a random sample of the accounts of a mid-sized superannuateon fund that draws clients from across Australia.
Question 1 (16 marks) A consultancy firm took a random sample of the accounts of a mid-sized superannuateon fund that draws clients from across Australia. The firm's aim was to investigate the size of superannuateon balances in the fund for various client categories. Data on the first eleven accounts are shown below. Super Balance | Gender Industry | Career Stage | Employment 395,777 Male Public Mic Part Time $ 176,697 Female | Private Mid Part Time 74,552 Female |Other Early Part Time 318,774 Male Private Late Part Time 5 167,125 Female Public Late Part Time 234,101 Male Public Mid Part Time 5 59,821 Male Other Late Full Time 7,035 |Male Public Mid Part Time S 334,922 Male Private Mid Full Time 103,413 Male Private Mic Casual 209,066 Female |Other |Mid Full Time a. Categorise the variable Super Balance as being quantitative OR qualitative and then further categorise the variable as being interval OR ratio OR nominal OR ordinal. (2 marks) b. Explain exactly why the data set would be described as structured and cross-sectional. (2 marks) c. A dummy variable was used to code Gender for later analysis, with the value "Male" coded as 1. State the value that would be used to code "Female". (1 mark)
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