What Differentiates Interval from Ratio Scales of Measurement

question 31

Multiple Choice

What differentiates interval from ratio scales of measurement?

• A) Interval scales use rank order; ratio scales do not
• B) In a ratio scale equal distance on the dimension represent equal distance on the dimension being measured; this is not true for interval
• C) Scores of zero are not possible on interval scales
• D) Ratio scales include an absolute zero point - indicating the absence of what is being measured

Distinguish the contractual nature of insurance policies and the principle of utmost good faith.

Learn about the doctrine of indemnity and its implications on insurance claims.

Understand rights and obligations under disability and life insurance policies.

Recognize the legal and ethical considerations in insurance practices, including fraud and misrepresentation.

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