1-55. junetnaneree inp ‘The following information can be found in the Murphy Oil Corporation Annual Report to Shareholders. For each variable, indicate the level of data measurement, a. List of Principal Offices (e.g., El Dorado, Calgary, Houston) . Income (in millions of dollars) from Continuing Operations c. List of Principal Subsidiaries (e.g., Murphy Oil USA, Inc., Murphy Exploration & Production Company) . Number of branded retail outlets . Petroleum products sold, in barrels per day Major Exploration and Production Areas (e.g... Malaysia, Congo, Ecuador) g. Capital Expenditures measured in mi s a me ions of dollars Nominal Data Ratio Data Nominal Data Ratio Data Ratio Data Nominal Data Ratio Data preaege1-87, A loan manager for Bank of the Cascades has the random sample ofthe bank's customers Data onthe responsibility for approving automobile loans. following variables were ccllected and placed ina file “To assist her in this matter, she has compiled data on 428 called Bank Call Center: Cat A Cauma B Column C Column D Column E Column F ‘Account Halder Curent Amount Was The Bling ‘Account Number Caller Gender Gender Past Due Amount Due Question? Unique Tracking # 1= Male Numerical Value Numerical Vake 3 = Yes 2= Female 4=No A smnall portion ofthe data isa follows: ‘Account Holder ‘Curent Ameunt Was This a Bling ‘Account Number Caller Gender Gender Past Due Armourt Due Question? 482 2 2 4035 s2ss 3 ‘ns516 1 1 0 ~ 12967 4 17476879 1 2 0 1638 4 13846306 2 2 0 99.24 4 21393711 ' 1 ° S798 3 4, Would you classify these data as time-series or «. Foreach ofthe six variables, indicate the level of ‘cross-sectional? Explain, data measurement . Which ofthe variables sre quantitative and which ae qualitative? 4. The dara ate cross-sectional since they represent data across a sample of customers where the data retlect the demographics of the customers at basically one point in time, D, The following variables are quantitative: Past Due Amount ‘Current Amount Due ‘he following variables are qualitative: ‘Accom number Caller gender Account Holder gender ‘Was this a billing question? Even though these variables have numeric values, because the numbers represent a discrete category, they are ‘consicered amalitative . The Oregonian newspaper has asked readers to email and respond to the question “Do you believe police a, Would the results of this survey be considered a random sample? b. What type of bias might be associated with a data collection system such as this? Discuss what options might be used to reduce this bias potential.[No because a random sample meaus that every item in the population has an equal chance of being selected. Individuals who do not have or use Email do not have an equal chance of being included in this survey. Also, volunteer Emnils would not be random, ‘In this survey the biggest drawback is that only individuals with strong feelings one way or the other are apt to respond to this survey. This could lead toa great deal of bias inthe results of te survey. Another big problem with a survey is nonresponse bais. Again because they are requesting viewers to write in there will bea great deal of nonresponse to this survey. [No because a random sample meaus that every item in the population has an equal chance of being selected. Individuals who do not have or use Email do not have an equal chance of being included in this survey. Also, volunteer Emails would not be random, Inthis survey the biggest dravback is that only individuals with strong feelings one way or the other are apt to respoud to this survey. This could lead to a great deal of bias inthe results ofthe survey. Another big problem with a survey is nonresponse bais. Again because they are requesting viewers to write in there will bea great deal of nonresponse to this survey,