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The number of return customers is an example of…Group of answer choicesnominal dataordinal datainterval dataratio data

Question

The number of return customers is an example of…Group of answer choicesnominal dataordinal datainterval dataratio data

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Solution 1

The number of return customers is an example of ratio data.

Here's why:

  1. Nominal data is data that can be placed into categories and cannot be arranged in an order (like colors or types of food).

  2. Ordinal data is data that can be placed into categories and can be arranged in an order (like rankings or ratings).

  3. Interval data is numerical data that has an order and a consistent scale but no true zero point (like temperature in Celsius or Fahrenheit).

  4. Ratio data is numerical data that has an order, a consistent scale, and a true zero point. The number of return customers fits this description because it's a countable quantity where zero means no return customers.

This problem has been solved

Solution 2

The number of return customers is an example of ratio data.

Here's why:

  1. Nominal data is data that can be placed into categories and cannot be arranged in an order (like colors or types of food).

  2. Ordinal data is data that can be placed into categories and can be arranged in an order (like rankings or ratings).

  3. Interval data is numerical data that has an order and a set interval between each data point. However, it doesn't have a true zero point (like temperature in Celsius or Fahrenheit).

  4. Ratio data is numerical data that has an order, a set interval between each data point, and a true zero point.

This problem has been solved

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