Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the ordinal scale.
What is ordinal scale and instance?
“Ordinal” indicates “order”. Ordinal information is quantitative information which have clearly happening orders and the distinction between is unknown. it could be named, grouped and also ranked. as an example: “How satisfied are you with our products?”
What is supposed by using ordinal scale?
The Ordinal scale includes statistical facts type in which variables are so as or rank however with out a degree of distinction between categories. The ordinal scale incorporates qualitative information; 'ordinal' that means 'order'. It places variables in order/rank, only allowing to measure the value as better or lower in scale.
What type of scale is ordinal?
The ordinal scale is the 2d degree of dimension that reports the ordering and ranking of records with out establishing the degree of version between them. Ordinal represents the “order.” Ordinal records is known as qualitative data or specific statistics. it is able to be grouped, named and additionally ranked.
Learn more about ordinal scale here :- brainly.com/question/13267344
#SPJ4
Answer:
Total FV= $134,711.26
Explanation:
Giving the following information:
Cash Flow:
Cf2= $22,200
Cf3= $40,200
Cf5= $58,200
Interest rate= 9 percent per year.
To calculate the future value, we need to use the following formula on each cash flow:
FV= PV*(1+i)^n
Cf2= 22,200*(1.09^3)= 28,749.64
Cf3= 40,200*(1.09^2)= 47,761.62
Cf5= 58,200
Total FV= $134,711.26
Answer: B. consumers who read, hear, or see the message sent by a source during the communication process.
Explanation: Marketing messages receivers as those consumer who will received the marketing messages either by reading it, hear it or see it through a source channel.
These receivers need not to interpret it with their beliefs or promote the message, the aim objective in marketing messages is that receivers gets the message.
