Identify the Data Setʹs Level of Measurement

question 55

Multiple Choice

Identify the data setʹs level of measurement.
-the ratings of a movie ranging from ʺpoorʺ to ʺgoodʺ to ʺexcellentʺ

• A)ordinal
• B)nominal
• C)interval
• D)ratio

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Definitions:

Debit Machinery

An accounting entry that reflects an increase in the value of machinery assets on the balance sheet.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Compound Interest

Interest that is computed on the original amount of a loan or deposit, incorporating all the interest accumulated from earlier periods.