There are four levels of measurement: nominal, ordinal, interval, and ratio. The lowest me
There are four levels of measurement: nominal, ordinal, interval, and ratio. The lowest measurement is the nominal level and highest level is the ratio level of measurement. Find a Dow Jones Industrial Average company from http://finance.yahoo.com and calculate the stock price change in certain time period. Compare the stock price change of the company with Dow Jones Industrial Average value change in the same time period. The following form will help you do the calculation: Start date (close price/value) End date (close price/value) % change on price/value Company DJI What level of measurement is the stock price? What level of measurement is the stock price change? Which measurement is better when you need to compare the company stock performance with Dow Jones? Does your company do better than the Dow Jones? Is your conclusion subject to what time period you choose? Why is that?