A Scanner Data User Survey of 50 companies found that the average amount spent on scanner data per category of consumer goods was $387,325 (Mercer Management Consulting, Inc., April 24, 1997).The $387,325 is an example of _____.
A) categorical data
B) quantitative data
C) a descriptive statistic
D) Both quantitative data and a descriptive statistic are correct.

Question

Quizplus · Accepted Answer

The amount spent on scanner data is a numerical value, making it quantitative data. Additionally, it is a descriptive statistic because it summarizes the average amount spent per category of consumer goods. Therefore, both choices B and C are correct, making choice D the best answer. Choice A is incorrect because categorical data refers to qualitative data that can be grouped into categories, such as types of consumer goods.

A Scanner Data User Survey of 50 Companies Found That