Examlex
Ethnicity is an example of a variable at the ordinal level of measurement.
API Gravity
A measure used to determine how heavy or light a petroleum liquid is compared to water, influencing product classification and market value.
Price Per Barrel
The cost of a barrel of commodities such as oil or other fluids, typically used in measuring large-scale transactions in the energy sector.
Minitab Output
The resultant data and graphs produced by Minitab, a statistical analysis software, after performing specified analyses.
Coefficient of Determination
A statistical measure, often denoted R², that represents the proportion of variance in the dependent variable predictable from the independent variable(s).
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