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Samenvatting Quantitative Data Analysis 1 Business Administration

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August 12, 2022
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Quantitative Data

Analysis 1

Week 1 Data types, exploring your

data QDA1 Lecture 1 (A)

Population and sample
• Population: the complete group of interest - all the values within the whole group
of interest
• Sample: a subset of the population for which observations are gathered (the
observed values)
o *Population > sample
• Random sampling: Each member of the population has equal chance(probability)
to enter the sample

Types of variables
1. Quantitive - measure a number (by nature)
• Continuous: interval (gap) of possible values
o Income (euro)
o Temperature (degrees Celsius)
• Discrete: series of isolated possible values
o Number of cars sold (0, 1, 2, 3, …)
o Change in number of employees (…, -2, -1, 0, 1, 2, …)
> Quantitative variable, remarks:
- no clear division line between discrete and continuous
- usually a continuum lies underneath;
Ex) length: you may think its discrete because it says 1.93m, but it is not
exactly1.93m; 1.930456…
Time: 32.36 mins > continuous variable
- SPSS calls quantitive variables (both continuous and discrete): “scale variable”
- differences have meaning: also called “interval variable”
(Interval: differences have meaning; ratio: ratios also have meaning)

2. Qualitative - measure a
category
• Ordinal: ordered categories
o small, medium or large drink
o job skill {very low, low medium, high, very high}
• Nominal: unordered categories
o Employed/ unemployed
o Brand of a product
Hierarchy in level of information of variables:
1. Continuos
2. Discrete

,3. Ordinal
4. Nominal

, A variable can always be treated as a variable of a lower type
given an ordinal variable (e.g. small/medium/large), you could treat it as:
> nominal by ignoring the ordering
given a discrete variable (e.g. cars sold), you could treat it as:
> ordinal by using ordered categories
> nominal by using categories and ignoring their ordering
* In a survey always go for the highest possible level!
Remarks on Likert variables
Likert variable: used to measure judgement
• A likert scale is a 5 points scale (1-5)
• A likert scale is ordinal not quantitative
o However, in research it is often treated as quantitive. because:
1) It presupposes equal distances between successive categories
2) categories may be consistent with equal distances and a quantitive scale with
numbers is shown in the questionnaire

Exploring data: Qualitative variables
Explore your data to see its characteristics and notice anything relevant

For qualitative variables we use:
• Frequency table
• Bar chart
• Pie chart
• Mode (most frequent outcome)
• Median; only for ordinal (middle outcome) (cumulative percent)

Exploring data: Quantitative variables
• Accounting: liquidity ratio, solvency ratio, profit, turnover, VAT
• Operations: production volume, productivity, delivery time
• Human recourses: # of employees, # of vacancies, training costs
• Marketing: advertising costs, product price

For quantitative variables we use:
• Histogram
• Mode, range
• Mean, standard deviation, Skewness, Kurtosis
• Z-scores
• Percentiles, Quartiles and Box Plots
Characteristics of a distribution
• A histogram provides information about the distribution of the values, in terms of: location,
spread, skewness, kurtosis, outliers, special features.
1. Location
• Different locations.
• Location = center
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Charlotte Veenstra

Heyy mijn naam is Charlotte Veenstra en ik studeer Business Administration. Ik hoop dat ik jullie blij kan maken met mijn samenvattingen! Ik heb er in ieder geval zelf veel aan gehad. Met een positieve recensie zou je mij enorm blij maken ;)

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