Scores Assigned to Continuous Rating Scales by the Researcher Are

question 1

Multiple Choice

Scores assigned to continuous rating scales by the researcher are typically treated as ________ data.

• A)nominal
• B)ordinal
• C)ratio
• D)interval

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Definitions:

Virtually Identical

Items or situations that are almost the same or very closely resemble each other in most aspects.

Price

The amount of money required to purchase a good or service, often determined by the interplay of supply and demand.

Output

The quantity of goods or services produced by a business, industry, or economy within a certain period.

Homogeneous Oligopoly

A market structure where a few firms sell products that are identical or very similar, making the products perfect substitutes for each other.