Identify the Data Setʹs Level of Measurement

question 60

Multiple Choice

Identify the data setʹs level of measurement.
-ages of students in a statistic class

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

Understand the importance of tolerance, tact, and respect in maintaining positive workplace relations.

Grasp key strategies for effective workplace communication, including active listening and clear speaking techniques.

Recognize the value of professionalism and soft skills alongside technical expertise in career development.

Comprehend methods for giving and receiving constructive criticism.

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Definitions:

Discretionary Fixed Costs

Discretionary fixed costs are fixed expenses that can be adjusted or eliminated without directly impacting the short-term productivity of the business, such as advertising or research and development costs.

High-Low Method

An accounting technique used to estimate the variable and fixed components of a company's costs, based on the highest and lowest levels of activity.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.

Non-Manufacturing Costs

Expenses that are not directly related to the production of goods, including selling, general, and administrative expenses.