The Level of Measurement for Categorical Data Is Nominal

question 46

True/False

The level of measurement for categorical data is nominal.

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Definitions:

Allocated

The process of apportioning expenses, incomes, or resources among various accounts or departments.

Plant Assets

Enduring physical assets utilized in a business's operations, which are not expected to be sold.

Land Improvements

Enhancements made to a piece of land to increase its value or usability, such as landscaping, fencing, and adding utilities.

Patent

A legal document providing exclusive rights to inventors over their inventions, preventing others from making, using, or selling the invention without permission.