If During a Presidential Campaign, a Certain Random Sample of Voters

question 40

Multiple Choice

If during a presidential campaign, a certain random sample of voters indicated 30 persons for Clinton, 25 for Bush, and 10 for Perot, the resulting scale would be

• A) nominal
• B) ordinal
• C) interval
• D) ratio

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Definitions:

Normal Distribution

A bell-shaped frequency distribution curve that is symmetrical about the mean, showing how data points, like stock returns, are dispersed or spread out.

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variance in a dataset, commonly used to assess volatility in finance.

Mean

A statistical measure that represents the average value of a set of numbers.

Commingled Funds

Investment funds that pool assets from multiple investors, allowing for diversified investments managed by a professional manager.