4/8/26, 4:36 PM ECN 221 ASU EXAM -1 (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flas…
ECN 221 ASU EXAM -1 (Recent exam) Fully solved
& updated 2026 Most COMPLETE (2026) (Latest
Update 2026) UPDATE!!
Save
Practice questions for this set
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Terms in this set (47)
nominal data names indicating characteristic
ex: NYSE, NASDAQ
ordinal data can be ordered/ranked
ex: gold, silver, bronze
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, 4/8/26, 4:36 PM ECN 221 ASU EXAM -1 (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flas…
interval data quantitative AND can be ranked BUT is a fixed unit
of measurement
ex: SAT scores, credit score
ratio data quantitative AND can be ranked BUT is a fixed unit
of measurement AND the ratio is meaningful
categorical data (qualitative) identify characteristics of element
ex: gender, marital status
ALSO: zip code, phone number
quantitative data numeric: how much/how many
cross sectional data data covered at some point in time ACROSS
MULTIPLE ELEMENTS/OBSERVATIONS
ex: price of coffee in different cities
time series data data collected over MULTIPLE TIME PERIODS
ex: price of coffee over 1 year
A data set consists of the number of TRUE
new stores opened each year,
internationally, for the years 1995
through 2015. That is, there are 21
observations, one for each of the
years and the variable reported is
the number of new stores.
T/F: The data in this data set are time
series data.
https://quizlet.com/1165394041/ecn-221-asu-exam-1-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-ca… 2/8
ECN 221 ASU EXAM -1 (Recent exam) Fully solved
& updated 2026 Most COMPLETE (2026) (Latest
Update 2026) UPDATE!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (47)
nominal data names indicating characteristic
ex: NYSE, NASDAQ
ordinal data can be ordered/ranked
ex: gold, silver, bronze
https://quizlet.com/1165394041/ecn-221-asu-exam-1-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-ca… 1/8
, 4/8/26, 4:36 PM ECN 221 ASU EXAM -1 (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flas…
interval data quantitative AND can be ranked BUT is a fixed unit
of measurement
ex: SAT scores, credit score
ratio data quantitative AND can be ranked BUT is a fixed unit
of measurement AND the ratio is meaningful
categorical data (qualitative) identify characteristics of element
ex: gender, marital status
ALSO: zip code, phone number
quantitative data numeric: how much/how many
cross sectional data data covered at some point in time ACROSS
MULTIPLE ELEMENTS/OBSERVATIONS
ex: price of coffee in different cities
time series data data collected over MULTIPLE TIME PERIODS
ex: price of coffee over 1 year
A data set consists of the number of TRUE
new stores opened each year,
internationally, for the years 1995
through 2015. That is, there are 21
observations, one for each of the
years and the variable reported is
the number of new stores.
T/F: The data in this data set are time
series data.
https://quizlet.com/1165394041/ecn-221-asu-exam-1-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-ca… 2/8
