The Statistical Techniques Used to Analyze Ordinal Data Are the Same

question 6

True/False

The statistical techniques used to analyze ordinal data are the same as those used to analyze interval data.

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Definitions:

Mutual Fund

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Mortgage

A loan used to purchase a property, where the property itself serves as collateral until the loan is paid off.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Bond Buyer

An investor who purchases bonds, which are securities that represent a loan made by the investor to the bond issuer.