Match Each of the Following Data Types with the Statement

question 69

Multiple Choice

Match each of the following data types with the statement that best describes it.
-Low, medium, and high exposure status

• A)nominal data
• B)ordinal data
• C) discrete data
• D)continuous data

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Definitions:

Demand Curve

A graph that illustrates the relationship between the price of a good or service and the amount of it that consumers are willing and able to purchase at various prices, typically downward sloping.

Steak And Potatoes

Often used metaphorically to denote basic, but solid and satisfying elements or aspects of something.

Complements

Goods or services that are used together, where the increase in demand for one leads to an increase in demand for the other.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, holding all other factors constant.