Which Statement Is Not True About the Interval Scale

question 31

Multiple Choice

Which statement is not true about the interval scale?

• A) Numerically equal distances on the scale represent equal values in the characteristics being measured.
• B) Only proportionate transformations of the form y = bx, where b is a positive constant, are allowed.
• C) Both the zero point and the units of measurement are arbitrary.
• D) All of the above are correct.

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Definitions:

Down Payment

A down payment is an initial upfront portion of the total amount due and is usually given in cash at the time of finalizing the transaction.

Zero-Interest Financing

A financing method where no interest is charged over the loan period, making it an attractive option for borrowers.

Monthly Payment

A regular payment made each month, usually in the context of loan repayments or leasing arrangements.

Compounded Annually

A calculation of interest where the interest earned over a period is added to the principal, and the total becomes the principal for the next computation period on a yearly basis.