Which of the Following Variables Has Been Labeled with an Incorrect

question 65

Multiple Choice

Which of the following variables has been labeled with an incorrect measuring scale?

• A) the number of students in a psychology class - ratio
• B) ranking in a beauty contest - ordinal
• C) finishing order in a poetry contest - ordinal
• D) self-rating of anxiety level by students in a statistics class - ratio

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Definitions:

Retirement Plan

A financial arrangement designed to replace employment income upon retirement, offering benefits like savings, investment, and tax advantages.

Discount Rate

The interest rate charged by central banks on loans to commercial banks, influencing monetary policy and the cost of borrowing.

Employee Benefit

An employee benefit is a form of compensation provided to employees in addition to their regular salaries or wages, including health insurance, retirement plans, and paid time off.

Discount Rate

This rate is essential in discounted cash flow analysis for calculating the present value of future cash flows.