BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Nominal
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Ordinal
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Interval
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Ratio
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Detailed explanation-1: -For example, because weight is a ratio variable, a weight of 4 grams is twice as heavy as a weight of 2 grams.
Detailed explanation-2: -An example of the ratio level of measurement is weight.
Detailed explanation-3: -A ratio scale is the most informative scale as it tends to tell about the order and number of the object between the values of the scale. The most common examples of this scale are height, money, age, weight etc.
Detailed explanation-4: -The ratio level is the highest of four hierarchical levels of measurement. The levels, or scales, of measurement indicate how precisely data is recorded. The higher the level, the more complex the measurement is. The ratio level contains all of the features of the other 3 levels.