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Statistics / Statistical Techniques in Business and Economics 15 / Chapter 1 / Problem 3

Statistical Techniques in Business and Economics | 15th Edition | ISBN: 9780073401805 | Authors: Douglas Lind, William Marchal, Samuel Wathen

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Step 1 of 6

Level of measurement

* The level of measurement is nominal, if the values of the variables can only be named and not ordered.

* The level of measurement is ordinal, if the values of the variables can be named and ordered, but the difference between two values has no meaning.

* The level of measurement is interval, if the difference between two values has a meaning, but the variable contains no absolute zero.

* The level of measurement is ratio, if the variable contains an absolute zero.

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