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nominal values

 

Definitions from WordNet

Noun nominal value has 1 sense
  1. par value, face value, nominal value - the value of a security that is set by the company issuing it; unrelated to market value
    --1 is a kind of value

Definitions from the Web

Term: Nominal Values

Description:

Nominal values refer to the numerical values assigned to categories or groups in a variable. These values do not have a mathematical meaning or rank, but are used to classify and organize data. In various fields such as statistics and data analysis, nominal values play a crucial role in organizing and categorizing data sets.

Sample Sentences:

As a Noun:

1. The survey asked participants to provide their gender, with the options being "male" and "female" as nominal values.

2. In this dataset, the variable "color" has nominal values such as "red," "blue," and "green" to classify different objects.

As an Adjective:

1. The researcher used nominal values to code the responses into different categories.

2. The company analyzed the nominal values of customer feedback to identify patterns and trends in the data.

Related Products:

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