QUESTION IMAGE
Question
credit scores are used to characterize how much debt you have and well you manage manage it. they vary from 300 - 800 with 300 being being the lowest (lots of debt compared to income and bad payment history) and 800 being the best (little debt compared to income and excellent payment history).
credit score:
○ nominal
○ ratio
○ interval
○ ordinal
shirt size (small, medium, large):
○ nominal
○ ratio
○ interval
○ ordinal
For credit scores, they have an order (lower scores mean worse debt - management and higher scores mean better debt - management) but the difference between scores doesn't have a true zero point. For shirt sizes, they also have an order (small < medium < large). Ordinal data has a natural order.
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Credit Score: Ordinal
Shirt size (Small, Medium, Large): Ordinal