Interval Scales of Measurement

question 56

Multiple Choice

Interval scales of measurement

• A) have equidistant scales.
• B) have a true zero.
• C) have equidistant scales and a true zero.

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Definitions:

Total Cost

The sum of fixed and variable costs incurred in producing a given level of output.

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.

Medallion

A distinctive badge or emblem typically made of metal, granted as a mark of honor or authenticity.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen in order to pursue a certain action.