Which Types of Data Are Normally Called Nonmetric Data

question 108

Multiple Choice

Which types of data are normally called nonmetric data?

• A)Interval or ratio level data
• B)Ordinal or nominal level data
• C)Nominal or ratio level data
• D)Ratio or ordinal level data
• E)Relative or ratio level data

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Definitions:

Reinvested Interest

Reinvested interest is the compounding of interest by adding the payments back to the principal amount instead of paying it out, thereby increasing the total interest earned over time.

Simple Interest

Interest calculated only on the principal amount of a loan or investment, not on any previously earned interest.

Account Balance

The total amount of money present in an account at a given point in time, considering all credits and debits.

Funds

Capital set aside for specific purposes or investments.