What Must Be the Least Scale of Measurement for the Median

question 126

Multiple Choice

What must be the least scale of measurement for the median?

• A) Nominal
• B) Ordinal
• C) Interval
• D) Ratio
• E) None of the choices are correct.

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Definitions:

Withdrawals

Amounts of money taken out from a business by the owner(s) for personal use, not considered a business expense.

Fees Earned

Revenue generated from services provided or work completed during a specific period.

Adjusted Trial Balance

A final tally of all financial accounts, after adjustments, used to prepare financial statements, ensuring the total debits equal total credits.

Income Statement Columns

Sections within an income statement that categorize financial data, such as revenues and expenses, to help in analyzing a company's financial performance over a specific period.