Which of the Following Is NOT True About Ratio-Scaled Data

question 63

Multiple Choice

Which of the following is NOT true about ratio-scaled data?

• A) The origin of the scale is fixed.
• B) Such data can be transformed by using y = bx.
• C) All statistical techniques can be applied to such data.
• D) Common examples include height and weight.
• E) They can be transformed using y = a + bx.

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Definitions:

Short Run

A time frame in economics during which at least one factor of production is fixed, limiting the ability of the economy or a firm to adjust to changes.

Fixed Costs

Expenses that remain constant regardless of the volume of production or sales, like lease payments or wages.

Variable Input(s)

Inputs or resources whose quantity can be changed in the short term to adjust the level of production.

Short Run

A period in economics where at least one factor of production is fixed, limiting the adjustments a firm or industry can make.