BAMS1743: Jan-2024 - Indicate Whether This Variable is a Quantitative Discrete, Quantitative Continuous, or Qualitative Variable:

Question 1

The following frequency distribution shows the monthly spending amounts of 60 randomly chosen users of a popular e-wallet app.

BAMS1743: Jan-2024 - Quantitative Methods a) State the variable of interest. Indicate whether this variable is a quantitative discrete, quantitative continuous, or qualitative variable.

b) Draw a “less than” ogive according to the data above.

c) Use the “less than” ogive to estimate: (i) the median and interpret your result. (ii) the monthly spending exceeded by 30% of the users. (iii) the quartile deviation.

d) Calculate the mean and the standard deviation of the above data.