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510 Managerial Decision Concept Worksheet

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Issue:

Business

 

Written by:

Christopher S

 

Date added:

March 6, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 503

 

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4132 times

 

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There is no particular order to the labels (Lind, Marchal & Wathen, 2004). Ordinal Bea in the meeting explains the four levels of measurement. Ordinal data is like the finishers in marathon. The first and second place people could be second apart, while the third guy could be miles back. With ordinal data, there is an order to the numbers but they are not equally spaced...
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With ordinal data, there is an order to the numbers but they are not equally spaced. There is no equal interval, so division is meaningless. The data classifications are mutually exclusive and exhaustive. Data classifications are ranked or ordered according to the particular trait they possess (Lind, Marchal & Wathen, 2004)...
displayed 300 characters

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