The amount of money, in dollars, that a police department collects annually from drug asset forfeitures. Is this example a nominal, ordinal, interval, or ratio level measurement and why
The amount of money, in dollars, that a police department collects annually from drug asset forfeitures. Is this example a nominal, ordinal, interval, or ratio level measurement and why
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The amount of money, in dollars, that a police department collects annually from drug asset forfeitures.
Is this example a nominal, ordinal, interval, or ratio level measurement and why?
Expert Solution
Step 1
Level of measurement:
In statistics, variables in the data often classified in various categories according to the nature of variables. Two major categories are quantitative variables and qualitative variables. Quantitative variables are those which are in numerical form and can be analysed directly. Qualitative variables are non-numerical in nature and cannot be analysed directly. These variables are further divided in four scales:
1. Ordinal variable (qualitative variables)
2. Nominal variable (qualitative variables)
3. Ratio variable (quantitative variables)
4. Interval variable (quantitative variables)
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