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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.
What are the nominal variables in economics?
Variables measured in monetary units
What is nominal and ordinal in qualitative variables?
In qualitative variables, nominal data involves categories with no inherent order, such as colors or types of fruit. Ordinal data, on the other hand, includes categories that have a meaningful order or ranking, such as education levels or customer satisfaction ratings.
Economic variables whose values are measured in monetary units are called?
Nominal Variables
How do you measure nominal pipe size?
Measure the inside diameter and that is your nominal size.
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 is the appropriate guide word from nominal?
name or named
What are 3 types of variables?
There are many ways of categorising variables. One classification, used in statistics, is Nominal, Ordinal and Interval.
Quantitative variables can be separated into what two types?
nominal and ordinal is wrong; those are the two types of qualitative variables. Ratio and interval are the two types of quantitative variables.
What are examples of nominal variables?
Your nationality, city that you live in, model of your car(s), colour of your eyes.
Which measure of central tendency can be applied to nominal data?
Mode.Mode.Mode.Mode.
The only measure of central tendency that can be found for nominal data is the?
mode
