The Techniques Used on Ordinal Data Are Based on Ranking

question 39

Short Answer

The techniques used on ordinal data are based on ranking procedures.We call these ____________________ techniques.

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Definitions:

Total Amount Collected

The sum of money received from various sources, including sales, investments, financing, and other business activities.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of items or services before deducting operating expenses.

Cost of Goods Sold

The total cost directly associated with producing goods which have been sold.

Merchandise Sold

The products that a business sells to its customers, generating revenue.