Assignment # 01

Write names of 25 variables from only your area of interest. Classify these variables with
respect to the following scales.

i. Nominal Scales
ii. Ordinal Scales
iii. Summative Response Scales
iv. Interval Scales
v. Ratio Scales

Also give reason in few words only of assigning a given scale to a given variable.

Adopt the following format please.

Name of Student: Mutahir ALi, Area of Interest: Finance

Sr# Appropriate Scale Name of Variable Reason

1. Nominal 1.Inflation Component within financial equation that
2.Price have no intrinsic order and are not
3.GDP impacted by other factors. Nominal
4.Political Affiliation variable is one whose values are non
numeric and have no natural order
2. Ratio Scale 1.sales Compares cost that vary with level of
2.Allowances production to the amount of revenue
3.Discount generated by that production.
4.Return
5.Net Revenue

3. Ordinal Scale 1.Frequency of Distribution Categorical variable for which the

2.Median possible values are ordered classify
3.Mode person or object and also rank them.
4. Risk
5.Educational Background
4. Interval Scale 1.Increment Variable with Additional property that the
2.Income magnitude of difference between two
3.Profit variables are meaningful.
4.Standard deviation
5.Standard error of mean
6.scores