Two Types of Categorical Data Are Nominal Data and Ordinal

question 9

True/False

Two types of categorical data are nominal data and ordinal data.

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Definitions:

Income Equality

A situation in which earnings are distributed evenly across members of a society, reducing income disparities.

Growing Income Inequality

The increasing gap in the distribution of income and wealth among individuals or households within a community or country.

Widening Wage Gap

The increasing difference in compensation between high-income and low-income workers.

Skilled Workers

Employees who have special training, knowledge, or ability in their specific field or occupation, usually acquired through education or long-term experience.