The High Temperature Is Recorded Each Day for a Period

question 138

Multiple Choice

The high temperature is recorded each day for a period of 1 year. This is an example of:

• A) nominal data.
• B) ordinal data.
• C) time-series data.
• D) cross-sectional data.

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Definitions:

Sales Taxes

Taxes imposed by governments on sales of goods and services, collected by the seller.

Asset Improvements

Expenditures made to enhance the efficiency, capacity, or lifespan of an asset, leading to an increase in its value.

Ordinary Maintenance

The routine upkeep and repairs required to maintain assets in their normal operational state.

Intangible Assets

Assets that lack physical substance but possess economic value, such as patents, copyrights, and trademarks.