Referring to the Information Below, What Type of Data Is

question 58

Multiple Choice

Referring to the information below, what type of data is illustrated? Coding scheme
Reimbursement Source
1 = Medicare
2 = Medicaid
3 = Blue Cross/Blue Shield
4 = Private Insurance
5 = Self-pay

• A) Categorical data
• B) Numeric data
• C) Textual data
• D) Alphanumeric data

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Definitions:

Diverse Set

A diverse set is a collection that contains a wide variety of elements or members, showcasing significant variation or differences.

Rate Of Return

The profit or deficit from an investment during a specific timeframe, represented as a proportion of the investment's starting price.

Stocks

Shares of ownership in a company, representing a claim on the company's assets and earnings.

Equity Mutual Fund

A type of investment fund that pools money from multiple investors to buy a diversified portfolio of stocks or equities.