Reference no: EM132686037
Assignment - When to use Qualitative vs. Quantitative Statistics
Lesson Content:
Quantitative vs. Qualitative Research
What is the difference between quantitative and qualitative research? To get a better understanding you have to understand quantitative vs. qualitative data and quantitative vs. qualitative statistics.
Quantitative vs. Qualitative Data
1. Quantitative Data is data that is in the form of numbers that can be measured using the nominal scale of measurement. Quantitative research generates numerical data or information that can be converted into numbers.
2. Qualitative Data is non-numeric. Qualitative data is descriptive data that can be in the form of questions and interviews or observations research gathers information that is not in numerical form.
Quantitative vs. Qualitative Statistics
1. Quantitative Statistics is the study based on numerical data as its basis. Many times this type of study answers the question - How many.
2. Qualitative Statistics is a study based on information, observations and types of descriptive results. A command example of qualitative statistics is the results of Patients Satisfaction Score.
Determine the over- or underapplied amount for the month
: Cavy Company estimates that the factory overhead, If the actual factory overhead totaled $141,800, determine the over- or underapplied amount for the month.
|
Prepare a direct materials purchases budget for March
: Prepare a direct materials purchases budget for March 2012, assuming no changes between beginning and ending inventories for concentrate
|
Estimate the allowance for doubtful accounts required at dec
: Estimate the Allowance for Doubtful Accounts required at December 31, assuming the only receivables outstanding at December 31 arise from the transactions
|
What are budgeted cash receipt from sales on account for May
: If sales on account are budgeted to be $340,000 for April and $300,000 for May, what are the budgeted cash receipts from sales on account for May
|
Quantitative vs. Qualitative Research
: What is the difference between quantitative and qualitative research? Qualitative Data is non-numeric.
|
How much should employer have withheld from paycheck
: Baker is single and earned $225,100 of salary as an employee in 2020. How much should his employer have withheld from his paycheck for FICA taxes?
|
Prepare a production budget for the small and large scales
: Rite Weight, Inc. produces a small and large version of its popular electronic scale. Prepare a production budget for the small and large scales
|
Why deduct a gain and add back a loss
: Explain (in two or three sentences) why we deduct a gain and add back a loss when computing Cash Flows from Operating Activities.
|
Compute net sales for the two months ended august
: Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.
|