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Types of variables and the Kentucky Derby: The Kentucky by is perhaps the premier event in U.S. horse racing. For each of following examples from
- Types of variables and the Kentucky Derby: The Kentucky by is perhaps the premier event in U.S. horse racing. For each of following examples from the derby, identify the type of variable-- minal, ordinal, or scale. a . As racing fans, we would be very interested in the variable fin- ishing position. One year, a horse called Orb won, followed by Golden Soul in second and Revolutionary in third. b. We also might be interested in the variable finishing time. Orb won in 2 minutes, 2.89 seconds. . Derby attendance was 151,616 the year that Orb won, not as high as the record of 165,307 people. d. If we were the betting type, we might examine the variable pay- offs. For each $2.00 bet on Orb, a gambler won $12.80. e. We might be interested in the history of the derby and the demographic variables of jockeys, such as gender or race. For example, in the first 28 runnings of the Kentucky Derby, 15 of the winning jockeys were African American .
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