The Difference Between an Interval and a Ratio Variable Is

question 40

Multiple Choice

The difference between an interval and a ratio variable is that:

• A) ratio scales indicate only difference, but interval scales indicate difference and order.
• B) interval scales indicate only difference, but ratio scales indicate difference and order.
• C) on a ratio scale, the number 0 corresponds to an absence of the quality, but this is not true for an interval scale.
• D) there are equal intervals between points on an interval scale, but this is not true for a ratio scale.

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Definitions:

Sale of Goods

A transaction between a buyer and a seller in which ownership of physical products is transferred in exchange for money.

Transaction

A swap or transaction involving goods, services, or money among two or more entities.

Risk of Loss

Refers to the legal and financial responsibility for damages or loss of goods while in transit or until the title has passed to the buyer.

Yard Sale

An informal sale typically held outdoors by private individuals to sell personal items, such as clothing, household goods, and toys, often at low prices.