BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SAT scores
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survey responses
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temperature readings
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monthly sales
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Detailed explanation-1: -For example, first, second, and third places in a race are ordinal data. You can clearly understand the order of finishes. However, the time difference between first and second place might not be the same as between second and third place. Ordinal data are prevalent in social science and survey research.
Detailed explanation-2: -Examples of ordinal variables include: socio economic status (“low income”, ”middle income”, ”high income”), education level (“high school”, ”BS”, ”MS”, ”PhD”), income level (“less than 50K”, “50K-100K”, “over 100K”), satisfaction rating (“extremely dislike”, “dislike”, “neutral”, “like”, “extremely like”).
Detailed explanation-3: -Examples of ordinal scales This popular form of survey question offers respondents an ordered range of answers from one extreme to another. Take, for example, these questions from our Employee Satisfaction Survey Template: How meaningful is your work? How challenging is your job?
Detailed explanation-4: -Examples of ordinal data are the level of education, the range of income, or the grades.
Detailed explanation-5: -Surveys asking questions about satisfaction, frequency, importance, the likelihood of recommendation, etc. are examples of the Ordinal Scale.