Match Each of the Following with the Appropriate Scale of Measurement

question 55

Essay

Match each of the following with the appropriate scale of measurement:
a.interval scale
c.ratio scale
b.ordinal scale
d.nominal scale
-If an individual scored 80 on the test, we could not say that she scored twice as much as someone who scored a 40.

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Definitions:

Luxury Goods

High-quality and often expensive products that are not essential but perceived as highly desirable within a specific culture or society.

Termination Statement

An amendment to a financing statement which states that the debtor has no obligation to the secured party.

Financing Statement

A Financing Statement is a document filed to give public notice of a secured party's interest in the personal property of a debtor, used mainly in secured transactions.

Consumer Good

A product or commodity that is produced and purchased to satisfy the personal or family needs of the consumer.