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.

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