Question

In: Finance

A company wants to study the satisfaction level of all their customers. They decided to reach

1. A company wants to study the satisfaction level of all their customers. They decided to reach out to all of their customers with five survey questions. This is an example of

O Descriptive quantitative analysis

O Inferential quantitative analysis

O Meta-cognition analysis

O None of the answer choices are correct

2.

A data set has two variables, house price and house size The researcher makes a hypothsis that the higher the size of the home the higher its price. In this analysis the independent variable is

O House size

O house price

O neither house size nor house price

O both house size nor house price

Expert Solution

1.

The right option is "Descriptive quantitative analysis"

Explanation:

It is specified clearly that the company wants to study the satisfaction level from the survey data. This means they want to explore the data and understand it in a meaningful manner. This is the same as descriptive analysis.

This is not any inferential analysis and there is no sample information involved which may be studied to make inferences about the population. They reach out to all of their customers i.e., have studied the entire population.

This is not a meta-cognition analysis as that refers to the awareness of one's own thought processes and the patterns behind them. This is not relevant.

2.

The right option is "House size"

Explanation:

The house size is the known variable or the predictor based on which the unknown variable or response i.e., the price can be predicted as high or low. So, house size is the independent variable and price is the dependent variable.

1. The right option is "Descriptive quantitative analysis"

2. The right option is "House size"

Nabeel answered 2 years ago

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