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[Party Business, Inc.] Lila, who is the president of Party Business, Inc., tells Isaiah that buying stock in Party Business, Inc. right now is a good idea. Isaiah is only casually acquainted with Lila and does not know that she is an officer of the corporation. He, however, acting on her information which he believes to be public knowledge, investigates the company somewhat and proceeds to buy some stock. Both Lila and Isaiah are charged with insider trading.
-Becky has been paid by a group of business people to hack into a competitor's computer in order to create a network shutdown during the huge Christmas buying season. Becky would be considered what?
Ordinal Data
Data that can be categorized and ranked in a specific order, but the intervals between the ranks are not necessarily equal.
Interval Data
A type of numerical data in which the intervals between numbers on the scale are interpretable and equal, allowing for meaningful comparison and arithmetic operations.
Nominal Data
Data classified into categories that cannot be ordered in a meaningful way.
Interval Data
A type of data that is measured along a scale, where the difference between values is meaningful, but there is no true zero point.
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