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Name and Describe Some of the Ways to Classify Financial

question 4

Essay

Name and describe some of the ways to classify financial markets.


Definitions:

Ordinal Responses

Data that represent categories with a meaningful order but not necessarily equidistant intervals between categories.

Interval Responses

Responses or data that range within a specific interval, often used in surveys or statistical analysis to understand distribution or preference.

Interval Data

Refers to a type of numerical data that has meaningful distances between measurements but no true zero point, allowing for addition and subtraction operations but not true ratio comparisons.

Bar Chart

A graphical display that uses bars of different heights or lengths to represent data values of various categories for comparison.

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