For each of the following variables, please identify the appropriate level of measurement/ primary scale: nominal,...

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Statistics

For each of the following variables, please identify theappropriate level of measurement/ primary scale: nominal, ordinal,interval, ratio
a.Â Â Â Stock price
Socioeconomic status (coded as â€œlow incomeâ€, â€œmiddle incomeâ€and â€œhigh incomeâ€)
Number of days since you last ate in a restaurant (the exactnumber)
Number of days since you last ate in a restaurant coded as(1=Within the past week, 2=With the past 2 weeks, 3=Within the pastmonth, 4=Within the past 3 months, 5=More than 3 months ago)
Zip code
Share of wallet (%)
Favorite sports team (e.g., â€œYankeesâ€, â€œMetsâ€, â€œKnicksâ€,etc.)
Likelihood to recommend (on an 11-point scale where0=Definitely would NOT recommend and 10=Definitely wouldrecommend)
Overall satisfaction (on a 7-point scale where -3=Extremelydissatisfied, -2=Dissatisfied, -1=Somewhat dissatisfied, 0=Neutral,1 = Somewhat satisfied, 2= satisfied, 3=Extremely satisfied)
Distance from your home to the nearest gas station (in miles,e.g., 2.4 miles)

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4.1 Ratings (550 Votes)

There are four scales of measurements Nominal Ordinal Interval and Ratio A nominal scale is a scale where objects are described by labels with no quantitative value Each option is described only by its name and has no distinct value for each An ordinal scale is one where there is a clear order to the values but the difference between two See Answer

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