In studying the performance of the company's stock investments over the past year, the research manager of a mutual fund company finds that only 43% of the stocks returned more than the rate that had been expected at the beginning of the year.
a. Could this information be viewed as representing the nominal scale of measurement? If so, explain your reasoning. If not, why not?
b. Could this information be viewed as representing the ratio scale of measurement? If so, explain your reasoning. If not, why not?