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A nominal number names something-a telephone number, a player on a team. Nominal numbers do not show quantity or rank. They are used only to identify something.
Here are some examples using nominal numbers:
- jersey number 4
- zip code 02116
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What are nominal values?
Nominal values are the values that a component is specified to be. For example, the nominal value of a 10K resistor is 10K. Its actual value may vary, though, based on its tolerance.
The annual nominal rate of interest on a bank certificate of deposit is 12 percent what would be the effect of an inflation rate of 13 percent?
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
What is The actual numerical value assigned to nominal level variable?
The whole point of a nominal variable is that is has no numerical value associated with it. With a binary measure you can allocated the values 1 and 0 or +1 and -1 for observations where the attribute is present or absent. If there are more than 2 values that the nominal variable can take then you can allocate any numbers that you want but in all cases the numbers do not have a value: they are simply symbols which can help for sorting and for binary comparisons.
Is months of the year a categorical variable?
It depends on how the variable is used. At its simplest, it would be a nominal or categorical value but, if used as part of a time series, it would be an ordinal variable.
What is the opposite of a numerical scale?
One possible opposite of a numerical scale is a "nominal" scale. In the study of statistics, we use four "scales of measurement": nominal; ordinal; interval; ratio. The "nominal," scale, which simply names categories, is, in a sense, non-numerical. On "nominal" scales, people or objects with the same attribute are assigned the same scale-value. Examples of categories on nominal scales are ethnicity, gender, marital status, styles of housing, models of cars. For example, a nominal scale of "marital status" might be numbered as follows: 1. Single, never married. 2. Single, previously married. 3. Married. Although we may count the number of people (or items) in each category, the numerals assigned to the "nominal" scale have no 'numeric' meaning in the way that we usually think about numbers. On that view, a nominal scale may be said to be non-numerical and, therefore, the opposite of a numerical scale. Actually, integers form a subset of numbers, not the other way around.
What are nominal values?
Nominal values are the values that a component is specified to be. For example, the nominal value of a 10K resistor is 10K. Its actual value may vary, though, based on its tolerance.
What is the meaning of Nominal value of shares?
Nominal Value, Face Value or Par Value of Shares- Value of the Share as indicated on the Share Certificate. This is different from the Market Value of the Sare, which is the actual value of the share and the amount for which it can be bought or sold. The Market Value can be either higher or lower than the Nominal Value, depending on the performance of the company or the economic circumstances of the day. In essence, the Nominal Value of a Share is of little importance and most investors are concerned primarily, if not solely, with the Market Value of the Shares.
What is the nominal value of one share?
Whatever the present market value is.
What meant by nominal value of shares?
Nominal value of shares refers to the value of share expressed in monetary terms. It is the fixed value of an issued security for the specific year or years without adjusting or inflation. It is also called par value or face value.
What Share premium?
the amount payable for a share above its nominal value. Most shares are issued at a premium to their nominal value. Share premiums are credited to the company's share premium account.
What is precision resistor?
A precision resistor is a resistor that has an actual value that is very close (or precise) to its nominal (or stated value). Therefore, precision resistors have a very degree of accuracy of being very close to their nominal values.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
How are final goods and services valued when measuring nominal GDP?
market value
What is value of gravitational acceleration?
At the Earth's surface the nominal value is about 9.8 m/s2. The exact value varies from place to place.
What is trial balace?
A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit value balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance...cj pulgar
What is meant by a nominal current?
The word nominal means the lowest possible safe amount. So, nominal current or nominal voltage is the lowest amount necessary to perform an electrical function like keeping a light turned on.AnswerThe original answer is incorrect. 'Nominal' simply means 'named'. So a 'nominal voltage' is the 'named voltage', as opposed to an 'actual voltage'. For example, the nominal voltage of residential supplies in the UK is 230 V; however, this value is allowed to vary between +10/-6% of the nominal voltage. In other words, a nominal voltage of 230 V may vary between 216 V and 253 V.
Antonym for nominal?
Nominal (insofar as it refers to an entity's epitemological value) is the antonym of substantive. Eg, Love has a nominal existence, whilst patterns of spiking within certain regions of the brain associated with attachment, lust and 'romaniticism', have substantive existences.
