Determine Which of the Four Levels of Measurement Is Most

question 59

Multiple Choice

Determine which of the four levels of measurement is most appropriate.
-Student's grades, A, B, or C, on a test.

• A) Nominal
• B) Ordinal
• C) Ratio
• D) Interval

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Definitions:

Competitive Behavior

Actions taken by companies aimed at gaining an advantage over their rivals in the market, often through price adjustments, product innovations, and marketing strategies.

Marginal Cost

The added cost of producing one additional unit of a product or service.

Value Meal

A marketing strategy that bundles meal components at a reduced price compared to purchasing them separately.