In studying the performance of the companys stock investments over the past year, the research manager of a mutual fund company finds that only 43 of the stocks returned more than the rate that had been expected at the beginning of the year a Could this information be viewed as representing the nom...

a This information can be viewed as representing the nominal scale of measurement if we v ...

In studying the performance of the companys stock investments over the past year, the research manager of

Question:

In studying the performance of the company’s stock investments over the past year, the research manager of a mutual fund company finds that only 43% of the returned more than the rate that had been expected at the beginning of the year.
a. Could this information be viewed as representing the nominal scale of measurement? If so, explain your reasoning. If not, why not?
b. Could this information be viewed as representing the ratio scale of measurement? If so, explain your reasoning. If not, why not?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...