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Terms in this set (8) Study with Quizlet and memorize flashcards containing terms like Nominal, Ordinal, Interval and more.
Study with Quizlet and memorize flashcards containing terms like nominal interest rate (i), real interest rate (r), real interest rate = and more.
Study with Quizlet and memorize flashcards containing terms like Length of time to complete an exam, time of first class, major field of study and more.
Within each of these two main categories, there are two levels of measurement: Categorical data – nominal and ordinal. Numerical data – interval and ratio. Let’s take look at each of these, along with some practical examples.
12 Απρ 2021 · Nominal Variables. A nominal variable is a strictly categorical variable. Nominal variables describe categories that are qualitatively different from one another, but cannot be organized in any meaningful order. Examples of nominal variables include colors.
Nominal interest rate. The nominal rate of interest is the rate that is actually agreed and paid. For example, it’s the rate homeowners pay on their mortgage or the return savers receive on their deposits. Borrowers pay the nominal rate and savers receive it.
Study with Quizlet and memorize flashcards containing terms like Nominal Data, Examples of Nominal Data, Ordinal Level and more.
