The Four Levels of Measurement That Are Commonly Used for Classifying

question 22

Multiple Choice

The four levels of measurement that are commonly used for classifying data are ratio, ________, ________, and ________.

• A) interval, normal, ordinary
• B) nominal, ordinal, interval
• C) nominal, ordinal, categorical
• D) normal, ordinal, interval

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Definitions:

Revenue Model

A framework for generating financial income. It outlines the sources of revenue, pricing strategies, and target customers.

Audience Concerns

The questions, needs, interests, or reservations held by a group of individuals that are addressed through various forms of communication.

Sales Proposal

A written offer from a seller to a prospective buyer, detailing the products or services offered and the terms under which the seller is willing to supply them.

Costs

The amount of money required for the production, acquisition, or maintenance of goods and services.