Identify the Data Setʹs Level of Measurement

question 21

Multiple Choice

Identify the data setʹs level of measurement.
-the amounts of fat (in grams) in 29 cookies

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

---

Definitions:

Fair Market Value

An estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Orally Agree

To come to a mutual decision or arrangement through spoken words rather than written documents.

Contract Rescission

The legal act of canceling a contract and returning the parties involved to their positions before the contract was signed.