An Example of Ratio Data Would Be ________

question 34

Multiple Choice

An example of ratio data would be ________.

• A)classifying students by college majors
• B)rating a book as poor,good,or very good
• C)organizing material costs by cost per unit
• D)classifying stores by sales in dollars

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Definitions:

Compounded Semi-Annually

Interest calculated twice a year on the initial principal and the interest that has been previously accumulated.

Annual Percentage Rate

Annual Percentage Rate (APR) is the annualized interest rate charged to borrowers or earned by investors, including any fees or additional costs associated with the transaction.

Effective Annual Rate

The actual annual return on an investment or the actual annual cost of a loan, including the effect of compounding interest, as opposed to the nominal rate.

Effective Annual Rate

The actual rate of interest on an investment or loan, taking into account the effect of compounding over a given period.