A Bank Asks Customers to Evaluate the Drive-Thru Service as Good

question 29

Multiple Choice

A bank asks customers to evaluate the drive-thru service as good, average, or poor. Which level of measurement is this classification?

• A) Nominal
• B) Ordinal
• C) Interval
• D) Ratio

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Definitions:

Market Components

The different elements that make up a financial market, including stocks, bonds, currencies, commodities, and derivatives.

Expected Returns

The anticipated return on an investment, estimating the average of probability-weighted returns for a given asset.

Probability Distribution

A probability distribution is a mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.

Variability

The extent to which data points in a set differ from each other and from the mean of the set; a measure of dispersion or volatility.