Levels of measurement (Choose Nominal, Ordinal, Interval or Ratio for each of the following)
The order by which race cars finished a race.
The colors on a flag.
The amount of currency in your bank account.
The temperature outside.
The time it takes to drive to campus.
The weight of a plate of food.
The price of an option trading on the market.
The order by which race cars finished a race is ordinal scale as ordering is done here
The colors on a flag is a categorical data that means it is of nominal scale
The amount of currency in your bank account is ratio scale as in this scale absolute zero has been taken in to account , ie 0 amount means no money in bank . So it is ratio scale
The temperature outside is measured in C° or F° and tepm are measured in interval scale
The time it takes to drive to campus is ratio level of measurement as time has an absolute zero and the difference between the value are meaning full
The weight of a plate of food is a ratio scale of measurement
The price of an option trading on the market is Ratio level of measurement as it has absolute value zero , ie price 0 means , it is free of cost .
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