Final answer:
The ranks for Princeton, Harvard, and Yale by U.S. News & World Report exemplify ordinal data, which shows the relative order or ranking without specifying the exact differences between ranks. The correct option is B.
Step-by-step explanation:
The classification of the rankings provided by U.S. News & World Report for Princeton, Harvard, and Yale as 1, 2, and 3, respectively, is an example of ordinal data. Ordinal data represents a type of variable that shows relative order or ranking without fixing the exact differences between ranks.
The terms 'first,' 'second,' and 'third' indicate position in a sequence but not the magnitude of difference between them. The correct option is B.