Classify each of the following as nominal, ordinal, interval, or ratio data. a. The ranking of a
Question:
Classify each of the following as nominal, ordinal, interval, or ratio data.
a. The ranking of a company by Report on Business magazine’s Top 1000
b. The number of tickets sold at a movie theatre on any given night
c. The identification number on a questionnaire
d. Per capita income
e. The trade balance in dollars
f. Profit/loss in dollars
g. A company’s tax identification number
h. The Standard & Poor’s bond ratings of cities based on the following scales:
Transcribed Image Text:
Rating Highest quality High quality Upper medium quality Medium quality Somewhat speculative Low quality, speculative Low grade, default possible Low grade, partial recovery possible Default, recovery unlikely Grade AAA AA A BBB BB B CCC CC C
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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