Management > QUESTIONS & ANSWERS > WGU C207 Questions and Answers 100% Correct (All)
WGU C207 Questions and Answers 100% Correct
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What is the key focus on analysis? ✔✔To predict trends using quantitative data. What are the four levels of measurement? ✔✔1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data ✔✔is ... categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordinal data ✔✔is ranked, but doesn't have a specific value. Example: -the size of pizza (small, medium, large) (we can't add or subtract these but we can put them in sequential order) - order (key word) - no numerical value Interval data ✔✔data is numeric. You can add and subtract it. It has a sequential value. Each value is equally spaced from the previous value. Example: - drink sizes are interval (16 oz, 20 oz, 24 oz) they are equally spaced about (4 oz spaced) [Show More]
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