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At the end of an especially good year,a company decides to give bonuses to its sales employees.Two salespeople are included: Tracy shows a better-than-average sales record,whereas Colin was only an average salesperson.Colin has a reputation for being a straight shooter who complies strictly with the company's ethical code.On the other hand,Tracy made some deals that,as co-workers confided to middle managers,were "on the edge" of dishonesty.When the company's ethics panel reviewed one such deal,it was found to have been compliant with the letter of the stated code.Nevertheless,the financial officer recommends that both employees be given the same bonus. Which of the following,if true,most strongly supports the financial officer's position?
Ratio Scale
A quantitative scale where there is a true zero and equal intervals between neighboring points, allowing for the measurement of absolute quantities and the comparison of ratios.
Measurement
Measurement involves determining the size, quantity, or amount of something, typically by comparing it to a standard unit.
Predictive Statistics
A branch of statistics focused on analyzing current and historical data to make predictions about future or otherwise unknown events.
Historical Data
Data collected from past events and time periods, used to analyze trends, forecast future occurrences, or serve as benchmarks.
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