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$28.37, $21.40 are the stock prices of a particular month of Microsoft and Intel Corporations

What is the level of measurement?
Nominal? Ordinal? Interval? Ratio?
Business Statistics

asked
User Dabru
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1 Answer

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Step-by-step explanation:

The level of measurement for the given data is interval.

Interval level of measurement has all the properties of ordinal level of measurement and in addition, the intervals between values are equally spaced and meaningful. In this case, we can subtract the stock prices of Microsoft and Intel to get the difference in their prices, which is a meaningful and interpretable quantity. However, there is no true zero point for the stock prices since they can take negative values and hence the data does not meet the requirements of the ratio level of measurement.

answered
User Adam Terlson
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