Determine the Level of Measurement of the Variable

question 38

Multiple Choice

Determine the level of measurement of the variable.
-weight of rice bought by a customer

• A) ratio
• B) interval
• C) nominal
• D) ordinal

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Definitions:

Lowest Bid

In procurement and auctions, the smallest price offer received to perform a job or provide goods.

Suppliers

Entities that provide goods or services to another organization, typically within a supply chain or business context.

Bullwhip Measure

A quantification of the bullwhip effect, which illustrates how variations in demand can be amplified as one moves up the supply chain.

Standard Deviation

A statistical measure of the dispersion or variability in a data set, indicating how much individual data points deviate from the mean or average.