Which of the Following Statistics Is Not Permissible with Ordinally

question 11

Multiple Choice

Which of the following statistics is not permissible with ordinally scaled data (Table 8.1 in the text) ?

• A)range
• B)mode
• C)rank order correlation
• D)all of the above

---

Definitions:

Cost of Goods Sold

The total cost directly associated with producing goods, including materials and labor expenses, that a company sells during a specific period.

Collections

The process of recovering amounts owed to a business by its debtors or customers.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Cost of Goods Sold

The immediate expenses associated with manufacturing the products a company sells, encompassing both materials and labor costs.