The Incomes of a Group of 50 Loan Applicants Are

question 52

Multiple Choice

The incomes of a group of 50 loan applicants are obtained. Which level of measurement is income?

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

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Definitions:

Observational Studies

Research methods that involve assessing subjects without manipulating the environment or the participants, used to identify and describe natural occurrences.

Statistical Correlation

A measure that indicates the extent to which two or more variables fluctuate together, showing how one variable is linearly related to another.

Correlate

To have a mutual relationship or connection, where one thing affects or depends on another.

Large

Of considerable or relatively great size, extent, capacity, or quantity.