Which of the Following Statements Describes the Difference Between Interval

question 6

Multiple Choice

Which of the following statements describes the difference between interval measurement and ratio measurement?

• A) Ratio measurement is used for continuous data, whereas interval measurement is used for noncontinuous data.
• B) Interval measurement uses numeric values with equal intervals, whereas ratio measurement uses numeric values with unequal intervals.
• C) Interval measurement scales have a zero point that is not absolute, whereas ratio measurement scales have an absolute zero point.
• D) Ratio measurement uses numeric values without fixed meaning, whereas interval measurement uses numeric values with fixed meaning.

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Definitions:

Natural Rate

The natural rate often refers to the natural rate of unemployment, which is the level of unemployment expected in an economy without short-term fluctuations.

Labor Force

The aggregate count of individuals who are either working or actively looking for work within a specific economy.

Unemployment Rate

The fraction of job-seekers within the labor force who do not have a job.

Exogenous

Factors or influences arising outside of a system that affect a model or process, without being affected in turn by that system.