The accompanying table shows a portion of the 30 companies that comprise the Dow Jones Industrial Average
Question:
The accompanying table shows a portion of the 30 companies that comprise the Dow Jones Industrial Average (DJIA). For each company, the data set lists the year that it joined the DJIA, its industry, and its stock price (in $) as of February 15, 2019
a. What is the measurement scale of the Industry variable?
b. What is the measurement scale of the Year variable? What are the strengths of this type of measurement scale? What are its weaknesses?
c. What is the measurement scale of the Price variable? What are the strengths of this type of measurement scale?
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Step by Step Answer:
a Nominal b Interval the observations for Year can be ranked categorized a...View the full answer
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Related Book For 
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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