When the Variables of Interest Are Measured on Nominal or Ordinal

question 32

Multiple Choice

When the variables of interest are measured on nominal or ordinal scales,what should be used to estimate population proportion?

• A) Standard error
• B) Standard deviation
• C) Sample proportion of incidence (p)
• D) Sample proportion of incidence (p) * 1 - (p)
• E) Sample statistic

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Definitions:

Bankruptcy Proceedings

The legal process through which individuals or entities unable to pay their debts can seek relief from some or all of their financial obligations.

Insolvent

The condition of being unable to pay debts as they fall due, or having liabilities that exceed assets.

Preferential Payment

A payment made to a creditor before bankruptcy that unfairly prioritizes that creditor over others, which can be reclaimed by the bankruptcy trustee.

Jewelry Store

A retail business establishment specializing in the sale of jewelry, including necklaces, rings, earrings, and bracelets, often offering repair services as well.