In a Survey for ACME Electric Co

question 60

Multiple Choice

In a survey for ACME Electric Co., Ralph Thomas asks the following questions: "What is your gender? Male-Female" and "How much do you estimate your monthly electric bill to be? $________." In the first question regarding gender, the answers are composed of a small number of distinct values or categories. In the second question, the answers are composed of numbers that have an "underlying measurement continuum." How would you classify these two questions in terms of the type of scale each represents?

• A) closed ended, scaled response
• B) closed ended, semantic dollar scale
• C) categorical, meteorological
• D) categorical, metric
• E) closed ended, metric

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Definitions:

Digital Cash

Money stored electronically and used in place of physical currency.

Electronic Funds

Money that is moved electronically from one bank account to another.

Microchips

Small, integrated circuits embedded in various devices to provide control, processing, or memory capabilities.

Electronic Fund Transfer Act

A law that protects consumers when they transfer funds electronically, including ATMs, debit cards, and direct deposits.