What Additional Information Is Obtained by Measuring Two Individuals on an Interval

question 47

Multiple Choice

What additional information is obtained by measuring two individuals on an interval scale compared to an ordinal scale?​

• A)​Whether the measurements are the same or different
• B)​The direction of the difference
• C)​The size of the difference
• D)​Whether the measurement is numerical

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Definitions:

Break-Even Analysis

A means of finding the point, in dollars and units, at which costs equal revenues.

Variable Costs

Costs that vary directly with the level of production or business activity, such as materials and labor.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Break-Even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and one has "broken even."