Ask Question
BusinessBusiness
7 June, 08:32

An investment firm rates bonds for Aard Co Inc. as "B," while bonds of Deva Corp. are rated "AA." Which level of measurement would be appropriate for such data

+2
Answers (1)
  1. 7 June, 11:11
    0
    Answer: C. Ordinal

    Explanation:

    Ordinal Data is a statistical method of measurement that is able to categorize variables as well as order them in a certain manner. Ordinal data however is unable to tell the scale of difference in the different variables.

    The Investment Firm was able to categorize the different companies and it was as well able to order them with these classifications because as we know, "AA" will be higher than "B".

    However we do not know just how different in quality these 2 bonds are because there is no measurement scale.

    This is therefore an Ordinal level data.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An investment firm rates bonds for Aard Co Inc. as "B," while bonds of Deva Corp. are rated "AA." Which level of measurement would be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is an outcome? (Select the best answer.) The reason an employee has a certain attitude The things an employee says and does The likelihood that an employee will succeed The end result of an employee's work behavior
Answers (1)
What is a car loan? a way to pay in advance for using a car for a given time period a way to pay for a car that is dependent on the number of miles you drive a way to borrow money from a bank or financial institution to pay for a car?
Answers (1)
Which is the proper order for distribution of assets upon dissolution of a limited partnership? a. outside creditors; distributions owed to partners; capital contributions; remainder split according to distribution agreement b.
Answers (1)
Have Americans always shared the same social and economic goals throughout history?
Answers (1)
Planned investment spending will decrease if: the interest rate rises. consumer expectations about wealth grow more optimistic. firms expect the growth of real GDP to increase. firms are producing near full capacity.
Answers (1)
New Questions in Business
A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10.
Answers (1)
If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the nominal exchange rate is how many euros per dollar? a ...
Answers (1)
According to the scans report, what name is given to the three basic skill sets that employees must have if they are going to be the best employees?
Answers (1)
Factory Overhead Costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000.
Answers (1)
Which of the following is a problem that arises in a health insurance market? There exists a fierce competition between the insurance providers. There are a large number of buyers of various insurance programs.
Answers (1)
Home » Business » An investment firm rates bonds for Aard Co Inc. as "B," while bonds of Deva Corp. are rated "AA." Which level of measurement would be appropriate for such data
Sign Up Forgot Password?