BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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interval and ordinal
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ratio and ordinal
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nominal and ordinal
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interval and ratio
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Detailed explanation-1: -Top Answer. d . Explanation: A ratio scale and the interval scale are known as a type of variable measurement scale that compares the quantitative measures or differences.
Detailed explanation-2: -Unlike nominal-and ordinal-level data, which are qualitative in nature, interval-and ratio-level data are quantitative. Examples of interval level data include temperature and year.
Detailed explanation-3: -Ratio data has a defined zero point. Ratio data can be transformed using logarithms, square roots, etc. to create ‘normal’ data. Interval data lacks the absolute zero point, which makes direct comparisons of magnitude impossible (e.g. A is twice as large as B).
Detailed explanation-4: -Nominal-and ordinal-scale variables are considered qualitative or categorical variables, whereas interval-and ratio-scale variables are considered quantitative or continuous variables.