What Are the Differences Between Nominal, Ordinal, Interval and Ratio

question 17

Essay

What are the differences between nominal, ordinal, interval and ratio data? Give examples.

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Definitions:

Business

An organized effort by individuals to produce and sell, for a profit, the goods and services that satisfy society's needs.

Settled

Resolved or finalized, especially in the context of legal disputes or agreements.

Motor Vehicle Accident

An incident involving a collision or other mishap involving vehicles such as cars, motorcycles, or trucks, often resulting in damage or injury.

Trial

A formal examination of evidence by a judge, and typically a jury, in order to determine guilt or innocence in a case of law.