Tests for Ordinal Data Meaningfully Convey Information Regarding ______

question 51

Multiple Choice

Tests for ordinal data meaningfully convey information regarding ______.

• A) variance
• B) differences
• C) variance and differences

---

Definitions:

Horizontal Axis

In a graph or chart, the x-axis that runs from left to right, commonly used to represent the independent variable.

Vertical Axis

A line or reference point on a graph or chart that typically represents the dependent variable or outcome in an analysis.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from consuming one more unit of a good or service.

Optimum

The most favorable condition or highest achievable level of efficiency under the given circumstances.