The Appropriate Measure of Variability for a Nominal Scaled Variable

question 13

True/False

The appropriate measure of variability for a nominal scaled variable is the standard deviation.

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Definitions:

Money

Any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

Issued

Issued generally refers to the official distribution or release of items such as documents, currency, or securities by an authoritative entity.

Declared

Stated or made known officially or publicly.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.