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 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.
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.
the different of status rank
Spearman's rank correlation coefficient
Qualitative. ranking simply orders them according to another variable which may be the quantitative one and has a measurable scale (e.g. GPA score or Sales figures) That is, we have a scale to compare a gpa score of 3.0 with 2.0
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.
False. Data at the ordinal level can be either quantitative or qualitative. In ordinal data, the categories have a meaningful order or rank, but the difference between the categories is not necessarily equal.
Yes it is. It is an ordinal variable ( which means it is meaningful ) because rank has an order and it is meaningful to rank the soldiers.
Then it has (not have!) a unique solution.
Percentile rank
Sanjo
First Class Petty Officer is the Rank; the paygrade is E-6.
For undergrad, about top 10% of your class.
A class based society.
Rather than displaying ones own rank in comparison to true definition... Class rank displays your GPA in comparison to your entire class's GPA. It can be utilized for college applications in conjunction with ACT/SAT scores.
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.