"Dow Up 14.Story at 6:00." This Means That

question 28

Multiple Choice

"Dow up 14.Story at 6:00." This means that:

• A) the Dow was up 14% during today's trading.
• B) 14 of the Dow's 30 stocks increased in price today.
• C) a share of Dow stock went up by $14 today.
• D) the Dow index increased by 14 points in today's trading.

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Definitions:

Nominal

Pertaining to data classified into mutually exclusive categories without any order or rank.

Ordinal

Refers to a type of categorical variable with a set order or scale, but without a fixed interval between its values.

Level Of Measurement

The classification of a variable according to the attributes it can measure, such as nominal, ordinal, interval, or ratio scale.

Grouped Frequency Distribution

A way of summarizing data by grouping values together into classes or intervals and displaying the count of data points within each class.