Which of the Following Statements About the Ordinal Scale Is

question 30

Multiple Choice

Which of the following statements about the ordinal scale is TRUE?

• A)There is a consistent order in whatever numbers are assigned to the scale.
• B)It is possible to calculate the median as a measure of central tendency.
• C)Two individuals with the same rank order response can have very different feelings about what they ranked.
• D)It is impossible to say how much any individual respondent preferred one object to another.
• E)All of these are correct.

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Definitions:

Disposable Income

The total financial resources available to people or households for savings and expenses after subtracting income tax.

Saving

The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.

Disposable Income

The sum of funds available to a person or family for spending or saving once income taxes are subtracted.

Consumption

The action or process of using goods and services for personal use or enjoyment within an economy.