What Is the Level of Measurement for the Following Variable

question 73

Multiple Choice

What is the level of measurement for the following variable: Education level measured as years of school completed.

• A) Nominal
• B) Ordinal
• C) Interval
• D) Ratio

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Definitions:

Consumer Price Index

An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Consumer Price Index

A metric that tracks the average variation in prices that urban buyers pay for a selection of consumer products and services over a period.

Rising Cost

An increase in the price or expense of goods, services, or operational activities over time.