Which of the Following Describes the S&P/Case-Shiller Index

question 3

Multiple Choice

Which of the following describes the S&P/Case-Shiller index?

• A) A stock market index
• B) An index of interest rates on mortgages
• C) An index of house prices
• D) An index showing the dollar amount of mortgages granted each month

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Definitions:

Ordinal Data

Data that can be categorized or ranked in order, but the intervals between ranks may not be equal.

Interval Data

A type of numerical data where the difference between two values is meaningful, but there is no true zero point, allowing for comparisons of differences but not ratios.

Nominal Responses

Answers to survey questions that are categorized into groups without any inherent numerical value or order.

Ordinal Responses

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