A Fortune 500 company concerned about the retirement investments made by its employees,collected the following data: age of employee,amount contributed monthly,and type of contribution.

A) Age of employee,quantitative,years; amount contributed monthly,quantitative,dollars; type of contribution,quantitative,dollars.
B) Age of employee,quantitative,years; amount contributed monthly,categorical; type of contribution,categorical.
C) Age of employee,quantitative,years; amount contributed monthly,quantitative,dollars; type of contribution,categorical; Fortune 500 companies,categorical.
D) Age of employee,quantitative,years; amount contributed monthly,quantitative,dollars; type of contribution,categorical.
E) Age of employee,quantitative,years; amount contributed monthly,quantitative,dollars.

Question

Emily Karpel · Accepted Answer

Final Answer : D, Explanation :  The age of employee and the amount contributed monthly are both quantitative variables with years and dollars as units respectively. The type of contribution is a categorical variable as it can be classified into different categories such as employer matching, Roth IRA, Traditional IRA, etc. The fact that it is a Fortune 500 company is not relevant to the variables being measured, hence it is not included in the data set. Therefore, option D is the best choice.

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