Consider the Following Question: How Much Would You Be Willing

question 54

Multiple Choice

Consider the following question: How much would you be willing to pay in annual premium for a $100,000 home insurance policy? Check appropriate category:
_____ < $25 per month
_____ $26 to $40 month
_____ $41 to $55 month
_____ > $55 per month
This is an example of a _____ scale.

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

---

Definitions:

Social Psychology

The systematic exploration of the ways in which people perceive, affect, and connect with each other in a societal setting.

Developmental Psychology

A field of psychology that studies the growth and changes in human behavior and mental processes throughout the lifespan, from infancy to old age.

Cognitive Psychologist

A cognitive psychologist studies the mental processes underlying human behavior, including perception, memory, thought, and problem-solving.

Complex Musical Compositions

Music that is characterized by its intricate structure, a high degree of technicality, and often unconventional harmonies or rhythms.