Which of the Following Statistics Is Not Permissible with Ordinally

question 57

Multiple Choice

Which of the following statistics is not permissible with ordinally scaled data (Table 8.1 in the text) ?

• A) mode
• B) range
• C) rank order correlation
• D) all of the above

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Definitions:

Product

An item or service created as a result of a process, which is offered in the market to satisfy the needs or wants of a customer.

Premium

Additional payment higher than the normal cost, often for enhanced benefits or services in various contexts, such as insurance or memberships.

Complimentary Approach

A sales strategy that involves giving praise or providing free products or services to potential customers to engender goodwill and facilitate sales.

Opinion Approach

Opinion approach is a sales technique where the salesperson starts a conversation by asking the customer's opinion, aiming to engage and gather valuable insights.