Which One of the Following Is an Example of a Nominal

question 5

Multiple Choice

Which one of the following is an example of a nominal level of measurement?

• A) reaction time of an adult male measured before and after drinking an ounce of alcohol
• B) a high school senior's first, second, and third choice of colleges to attend
• C) classification of psychiatric patients as either "neurotic" or "psychotic"
• D) estimating the number of red blood cells in a laboratory sample

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Definitions:

Expected Income

Expected income is the income a person or entity anticipates receiving over a certain period, based on current or future economic factors.

Utility Maximizer

An economic actor who seeks to get the maximum satisfaction or utility from resources available, under the constraints faced.

Probability

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 1 indicates certainty.

Premium

A premium refers to the additional amount paid for a product, service, or insurance policy over and above its basic cost.