Question 1.112

1.112 Best brands variables.

brands

Refer to Exercises 1.53 and 1.54 (page 36). The data set BRANDS contains values for seven variables: (1) rank, a number between 1 and 100 with 1 being the best brand, etc.; (2) company name; (3) value of the brand, in millions of dollars; (4) change, difference between last year’s rank and current rank; (5) revenue, in US$ billions; (6) company advertising, in US$ millions; and (7) industry.

  1. Identify each of these variables as categorical or quantitative.
  2. Is there a label variable in the data set? If yes, identify it.
  3. What are the cases? How many are there?