The Ranking of Variables According to Some Criterion Is Called

question 29

Multiple Choice

The ranking of variables according to some criterion is called _____ data.

• A) Nominal
• B) Ordinal
• C) Discrete
• D) Continuous

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Definitions:

Business Incubators

Organizations or programs designed to support the successful development of entrepreneurial companies through an array of business resources and services.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in standards of living, income, and employment.

Not-for-profit Organizations

Entities that function with goals beyond profit-making, emphasizing on initiatives related to social, educational, or charity work.

Small Businesses

Enterprises characterized by fewer employees, lower revenue, and smaller scale of operations compared to larger companies.