How Might You Classify the Measurement Scale of the Survival

question 18

Multiple Choice

How might you classify the measurement scale of the survival rate (days) ?

• A) Nominal
• B) Ordinal
• C) Interval
• D) Ratio

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Definitions:

Competition

The rivalry among businesses to capture sales, market share, and customer loyalty in a particular market or industry.

Theoretically

Pertaining to or based on a theory; an explanation or system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.

Product Life Cycle

The process through which a product goes from when it is first introduced into the market through its decline or discontinuation.

Sales and Profits

Relates to the revenue generated from goods or services sold by a business and the financial gain remaining after all expenses have been deducted.