Final answer:
The answer explains Nominal, Ordinal, and Ratio data, highlighting their differences and examples.
Explanation:
Nominal Data
Nominal Data is data that can only be classified into categories without any order or ranking. It consists of labels for categories with no inherent order. Examples include favorite color, street addresses, or ice cream flavor.
Ordinal Data
Ordinal Data is rank-ordered data that has standard numerical values. While there is an order to the categories, the distances between them are not equal. Examples include ranking movies watched or grades earned.
Ratio Data
Ratio Data is data shown in comparison to other data with a true zero point, allowing for classification, rank ordering, measuring intervals, and assessing relative values.
Learn more about Types of Data in Statistics here:
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