Which of the Following Statements About Nominal Data Is TRUE

question 66

Multiple Choice

Which of the following statements about nominal data is TRUE?

• A) Possible operations with nominal scales are few, but due to the fact that the properties of "greater than" or "less than" apply, the addition of numbers is permissible.
• B) The median is an appropriate measure of central tendency with nominal data.
• C) A nominal scale is associated with the concept of identification and categorization.
• D) Computing the mean is an acceptable statistical operation when one is dealing with nominal data.
• E) All of the above are all false.

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Definitions:

Provided Information

Data or details supplied for a specific purpose, such as analysis, decision-making, or planning.

Price-Earnings Ratio

A financial metric that measures a company's current share price relative to its per-share earnings.

Net Operating Income

A company's income after operating expenses have been deducted, but before interest and taxes.

Market Price Per Share

The current price at which a single share of a company's stock is bought or sold on the market.