22. An analyst gathers the price-earnings ratios (P/E) for the firms in the S&P 500
and then ranks the firms from highest to lowest P/E. She then assigns the number
1 to the group with the lowest P/E ratios, the number 2 to the group with the
second lowest P/E ratios, and so on. The measurement scale used by the analyst
is best described as:
A. ordinal.
B. interval.
C. nominal.
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