nominal variables are variables that are measured in:multiple choice question.employment units while real variables are measured by money.units of output while real variables are measured in prices.monetary units while real variables are measured in numerical units.numerical units while real variables are measured in monetary units.

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21-10-2022
Business

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nominal variables are variables that are measured in:multiple choice question.employment units while real variables are measured by money.units of output while real variables are measured in prices.monetary units while real variables are measured in numerical units.numerical units while real variables are measured in monetary units.

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shivanijain4931 shivanijain4931 · Answer 1 · 2022-10-25T00:53:02-04:00

Nominal variables are variables that are measured in: monetary units while real variables are measured in numerical units.

There are varieties of specific variable, nominal and ordinal. A nominal variable has no intrinsic ordering to its categories. as an instance, gender is a express variable having categories (male and female) with no intrinsic ordering to the types. An ordinal variable has a clear ordering.

Nominal facts is assessed with out a natural order or rank, whereas ordinal statistics has a predetermined or natural order. alternatively, numerical or quantitative facts will constantly be a variety of that can be measured.

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