Some discussion on the type of variables
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Business Statistics-3240--give example of, identify nominal, ordinal, interval and ratio variables in a organization. Then identify one variable for each level of measurement and explain why the variable you identified fits that level of measurement.And how might the organization use the data.
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The solution gives detailed discussion on the type of variables with examples and applications.
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An example is, in an organization,
Employee's name is a nominal variable because it is qualitative and there is no specific order among them.
Employee's education level is a ordinal variable ...
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