Which of the Following Is True About Percentile Scores

question 43

Multiple Choice

Which of the following is true about percentile scores?

• A)They are based upon an ordinal scale of measurement.
• B)A percentile score of 60 is twice as good as a percentile score of 30.
• C)Many statistical manipulations can be legitimately performed.
• D)They can be legitimately added, subtracted, divided, and multiplied.

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Definitions:

Fair Value Accounting

A method of accounting that measures and reports certain assets and liabilities at their estimated market values at the time of the financial statement.

Mark-to-Market

An accounting method that values assets and liabilities based on current market prices.

Real Actions

Legal procedures taken to determine the title to property, as opposed to personal claims against a person.

Accounting Actions

Activities or tasks performed by accountants or financial officers that relate to the process of recording, summarizing, and reporting financial transactions of a business.