Standardized Test Scores Are Often Given as Percentile Ranks

question 51

Multiple Choice

Standardized test scores are often given as percentile ranks. These data are considered ________________ level measurement.

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

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Definitions:

Compounded Monthly

Interest that is calculated on the principal and the previously earned interest on a monthly basis, leading to the accumulation of increasingly larger amounts.

Month-end Withdrawals

Financial transactions to remove money from an account or investment at the end of the month, often for budgeting or payment purposes.

Investment Account

A financial account that is used for holding and transacting securities or other investment instruments.

Compounded Quarterly

An interest calculation method where interest is added to the principal sum four times a year.