When Organizing a Frequency Table for a Variable Measured at the Ordinal

question 18

Multiple Choice

When organizing a frequency table for a variable measured at the ordinal level:

• A)categories may be arranged from lowest to highest.
• B)categories are not in order.
• C)categories may be arranged from highest to lowest.
• D)a & c

---

Definitions:

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing the combination of two goods that give the same level of satisfaction to the consumer.

Mosquito Bites

These are the itchy and often red swellings caused on the skin due to the reaction to the saliva of mosquitoes when they bite to feed on blood.

Lake Cabin

A dwelling located by a lake, often used as a vacation or weekend getaway.

Utility Function

A mathematical representation in economics to capture the preference of consumers by assigning numerical values to different bundles of goods, indicating their level of satisfaction or happiness.