Order Your Paper From the most reliable Essay writing Service. 

.

 


A market research company is asked to determine how satisfied owners are with their purchase of a…

A market research company is asked to determine how satisfied owners are with their purchase of a new car in the last 6 months. Satisfaction is to be measured by respondents choosing a point on a seven-point scale 123456 7where 1 denotes completely dissatisfied and 7 denotes completely satisfied (such a scale is commonly called a Likert scale). (a) Identify , the variable X, and fX  (b) It is common to treat a variable such as X as a quantitative variable. Do you think this is correct? Would it be correct to treat X as a categorical variable? (c) A common criticism of using such a scale is that the interpretation of a statement such as 3= “I’m somewhat