The Ordinal Scale of Data Measurement Is _______________

question 6

Multiple Choice

The ordinal scale of data measurement is _______________.

• A)Less sophisticated than the nominal scale
• B)More sophisticated than the interval scale
• C)More sophisticated than the nominal scale
• D)As equally sophisticated as the nominal scale

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Definitions:

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or distribution from its mean.

Average Deviation

A statistical measure that describes the average distance of each data point from the mean of the data set.

Least Risky

Describes an option or decision that involves the lowest level of risk compared to alternatives.

Expected Income

The amount of money an individual anticipates earning over a specified future period, often based on current income and future prospects.