Which of the Following Descriptive Statistics Is (Are)appropriate for Ratio

question 49

Multiple Choice

Which of the following descriptive statistics is (are) appropriate for ratio level measures?

• A)percentages
• B)averages
• C)standard deviation
• D)all three are appropriate ways to examine responses to ratio level measures

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Definitions:

Retail Gift Stores

Commercial establishments focusing on selling various gift items including souvenirs, handmade crafts, and other unique products to customers.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment, based on a 360-day year.

Ordinary Simple Interest

A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.