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A qualitative variable is a variable that has categorized values and the difference cannot be measured.
A quantitative variable is a variable that consist of ordinary values and the difference can be measured.
Depending on the type of class rank it can be both qualitative as quantitative.
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Is sales rank a quantitative or qualitative variable?
Sales rank is a quantitative variable. The underlying value is sales, obviously a quantitative value. The median, minimum, maximum and percentile values are all quantitative statistics based on the ranking of data.
Fran's percentile rank on an exam in a class of 500 is 85 Kelly's class rank is 60 Who is ranked higher?
Fran's rank score is for 1 test. Kelly's rank is the CLASS rank. That means that Kelly is # 60 in a class of 500. Or, if you simplify, she is #12 in a class of 100. Fran's percentile rank on the exam was 85%, or 85 out of 100. Therefore, there are 15 percentile points that other people got higher than Fran's score. But there are only 11 people ahead of Kelly. Therefore, Kelly is ranked higher.
Is yearly income a continuous variable or a discrete variable?
Actually, it can be and is frequently treated as either. If the data is collected as a numerical value (for example, $35,500), then it is continuous. However, it is often simpler and more useful, especially in surveys, to collect the data as a set of ranges (20,000 - 29,999; 30,000 - 39,999; etc.). In this case, it would be an ordinal variable. Ordinal variables are discreet categories that still have a rank order.
What is the different between status and rank?
the different of status rank
What is srcc in statistics?
Spearman's rank correlation coefficient
