Determine Which of the Four Levels of Measurement Is Most

question 88

Multiple Choice

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

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

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Definitions:

Shipping Cost

Expenses associated with the transportation of goods from one place to another.

Net Sales

Total sales revenue minus returns, allowances for damaged or missing goods, and discounts.

Sales Discounts

Sales discounts are reductions in the price of a product or service offered by a seller to a buyer, usually to encourage prompt payment or bulk purchases.

Sales Returns

Transactions involving the return of sold goods by customers to the seller for a refund or credit, often due to defects or dissatisfaction.