Identify the Level of Measurement for the following variable: Why did r start business All in all, would you say you started, or are starting, your business because you saw an opportunity or you started it out of necessity? IF R HAS MORE THAN ONE BUSINESS/FARM/PARTNERSHIP, ASK ABOUT THE PRIMARY BUSINESS THEY ARE INVOLVED IN. Code Label You started it because you came across an opportunity 1 You started it because it was a necessity 3 Both (volunteered) Dont know Not applicable From Nominal Ordinal Interval Ratio
Nominal: A Data type in which, the observations are categories that do not have a natural order; even if observations are numeric, they are simply used for naming purposes and it is not logical to apply mathematical operations on them.
Ordinal: A Data type in which, the observations are categories that have a natural logical order. Observations are usually non-numeric in the mathematical sense
Interval: A Data type in which, the observations are usually numeric in the mathematical sense. Difference between two observations is well-defined and logical, but ratio of two observations is meaningless. It does not have an absolute zero value. If ordinal data are numerical and differences between such numbers is logical, then it becomes interval data.
Ratio: A Data type in which follows all the above properties. Additionally, ratio of two numbers is also logical. The scale has an absolute zero value.
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