What type of data does the variable Product represent?

The variable Product is categorized as qualitative and nominal because it represents categories or names of products without any inherent numerical value or order. Qualitative data encompasses attributes or characteristics that can be used to classify items, such as different types of products.

Nominal data specifically pertains to categories that do not have a defined order or ranking. For example, if the variable Product includes items such as "shoes," "clothing," and "accessories," these categories are distinct but do not carry a meaningful ranking or numerical significance.

In contrast, quantitative data involves measurable quantities and can be either continuous (able to take any value within a range, like height or weight) or discrete (taking on specific values, like the number of products sold). Therefore, categorizing Product as qualitative and nominal accurately reflects its nature in this context.