Business, 29.01.2021 16:00 kaliemn7oyqxuy

A dealer in New Jersey has surveyed the cars on his lot and has recorded a dataset with following variables: 1. Make/ Model,
2. Miles per Gallon,
3. Car Type (e. g., economy, full size),
4. Price, and
5. Color, The data collected for above variables 1, 2, 3, 4, and 5 are:

nominal, ordinal, nominal, interval, nominal
ordinal, interval, ordinal, ordinal, ordinal
ordinal, interval, ordinal, interval, nominal
nominal, interval, nominal, interval, nominal

The current price of crude oil is $59. What type of scale is used to measure the price of the crude oil?
a. Ratio
b. Interval
c. Ordinal
d. Nominal

Answers: 3

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