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QUESTION 3 The Journal of Banking and Financial Services recently published a progress report into the...

QUESTION 3

  1. The Journal of Banking and Financial Services recently published a progress report into the status of women in banking. Which of the following questions taken from the questionnaire would yield categorical data?

    What is your age in years?

    What is the highest level of education you have achieved?

    What is the length of your usual working week?

    How many years have you been employed in the industry?

    How many different companies have you worked for in the last five years? (i.e. job changes)
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Answer #1

Solution: What is the highest level of education you have achieved?

Explanation: Categorical data refers to the type of statistical data which consist categorical variables. The highest level of education you have achieved will be termed as a categorical variable there is a meaningful order of educational attainment however the differences among each category is inconsistent.

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