1. Categorical or Quantitative? Airbnb is a large online marketplace for people
ID: 3353139 • Letter: 1
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1. Categorical or Quantitative? Airbnb is a large online marketplace for people to list, discover and book unique accommodations around the world. This online service has grown into a mul billion dollar industry that is even popular right here in Ames, IA. Classify each variable below as categorical or quantitative. Hint: Sometimes deciding between categorical and quantitative is not as straightforward as we would hope. As a rule of thumb, think about whether or not numerical operations such as addition, multiplication, etc. are meaningful - they tend to be meaningful mainly for quantitative variables. A second criterion is the number of distinct values the variable can take. If this number is small, e.g. 1, 2, 3 and 4, the variable is likely categorical in nature while for a larger number of possible values the variable is most likely quantitative (a) Month of the year with the most Airbnb reservations in Ames, IA. (b) Airbnb's total annual profit. (c) Type of rental on Airbnb ( Type l= whole house, Type 2-private room, Type 3 = shared room, etc.). d) Unique 10-digit reservation number for each Airbnb stay e) Number of house rentals available in a given county of lowa.Explanation / Answer
(a) Month - Categorical
(b) Profit - Quantitative
(c) Type of renta - Categorical
(d) Reservation number - Categorical
(e) Number of house - Quantitative
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