Which Type of Data Involves Categories

question 31

Multiple Choice

Which type of data involves categories?

• A)Interval data
• B)Ordinal data
• C)Nominal data
• D)None of these

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Definitions:

Personal Borrowing

Personal borrowing involves an individual obtaining funds from a lender (such as a bank or financial institution) for personal use, which could range from purchasing a home to funding education.

Static Theory

Static theory describes a situation or model in economics that does not account for changes over time, analyzing a fixed point or period instead.

Capital Structure

The mix of various forms of external funds used to finance a company's operations, typically consisting of debt and equity.