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What are the nominal variables in economics?
Variables measured in monetary units
Which is the most accurate of mode mean median and range?
Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.Accuracy depends on what you are trying to measure.As a measure of central tendency, the range is totally useless because it is not a measure of central tendency. As a measure of spread (dispersion), it is the most accurate because it is the only one that measures spread: the other threee are totally useless.With nominal data, the median and mean are not defined and so cannot be accurate.And so on.
Is length nominal data?
If you are bothering to measure it, it probably is not nominal data in your study.
What are examples of nominal variables?
Your nationality, city that you live in, model of your car(s), colour of your eyes.
How many different levels of measurement for variables exist?
Nominal or category;Ordinal scale;Interval scale; andRatio scale.
