Computation of a Mean (Or Average)is Completely Justified When a Variable

question 27

Multiple Choice

Computation of a mean (or average) is completely justified when a variable is measured at which level?

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

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Definitions:

Hourly Salesman

A salesperson who is compensated based on the number of hours worked, rather than commission on sales made.

Moral Hazard

A situation where one party is inclined to take risks because the negative consequences of the risk will be borne by another party.

Taxi Driver

An individual who operates a car licensed for providing taxicab transportation services to passengers in exchange for payment of a fare.

Piece-rate Garment Worker

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