The Multiple Listing Service (MLS) provides many pieces of information about homes for sale such as area of the lot (square feet), living area (square feet), if the house has a vicw (yes/no) and the type of the lot (1=rectangular,2=pic shaped,3= irregular). Which of the following is correct? The variable "house has a view (yes/no)" is quantitative. The variable "area of the lot" is categorical. The variable "type of lot" is categorical. The variable "living area"is categorical.

Question

The Multiple Listing Service (MLS) provides many pieces of information about homes for sale such as area of the lot (square feet), living area (square feet), if the house has a vicw (yes/no) and the type of the lot (1=rectangular,2=pic shaped,3= irregular). Which of the following is correct? The variable "house has a view (yes/no)" is quantitative. The variable "area of the lot" is categorical. The variable "type of lot" is categorical. The variable "living area"is categorical.

Answer 1

The correct statement is: The variable "type of lot".Explanation:- The variable "house has a view (yes/no)" is a categorical variable because it represents a qualitative characteristic with two categories: "yes" and "no".- The variable "area of the lot" is a quantitative variable because it represents a numerical measurement of the lot size in square feet.- The variable "type of lot" is a categorical variable because it represents a qualitative characteristic with three categories: "rectangular", "pic-shaped", and "irregular".- The variable "living area" is a quantitative variable because it represents a numerical measurement of the living space in square feet.

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