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Dmitry [639]
3 years ago
13

What is the difference between a ratio scale of measurement and an interval scale of measurement?

Business
1 answer:
Zanzabum3 years ago
5 0

Answer: Option (C)

Explanation:

The ratio scale is referred to as or known as a kind of the variable measurement scale that is mostly quantitative in the nature. The ratio scale tends to allow most researcher to bring out the comparison in between the  intervals. This scale is fourth level of the measurement and thus tends to possess a 0 point or the character of the origin.  

Interval scale is referred to as or known as the quantitative measurement scale under which the difference in between the two variables is mostly meaningful. This scale is known to be third level of the measurement.

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What’s the purpose of a ramp meter
Ronch [10]

Answer:

Explanation:

regulates the flow of traffic entering freeways according to current traffic conditions.

5 0
3 years ago
Read 2 more answers
Mikhail's claim has been denied once. Now, he is writing a second persuasive claim message to his digital media services company
Fynjy0 [20]

Answer:

a) Appeal to the receiver's sense of responsibility and pride in the company's good name

Explanation:

Persuasive messages refer to communicating an idea so as to persuade the recipient towards an action.

Such messages are usually drafted by sales and marketing personnel.

While drafting a persuasive message, AIDA (Attention, interest, desire and action) principle is usually followed by the marketers.

In the given case, Mikhail's claim has already been denied once and he is drafting the second persuasive message. As he expects resistance from the media company, he should draw the attention of the recipient towards their own responsibilities and duties and pride relating to the good reputation of the company.

He may choose to express, what the receiver's responsibility and duties are and how non performance of those puts the company's reputation (pride) at stake.

8 0
3 years ago
Shawna wins the lottery and her income increases by 60 percent. she used to buy 10 pints of cottage cheese per month and now she
Dmitriy789 [7]

Answer: Her income elasticity of demand for cottage cheese is <em><u>0.3333</u></em> making it a <em><u>normal and necessary</u></em> good.

The income elasticity  of demand is given by :

\mathbf{YED = \frac{percentage change in demand}{percentage change in income}}

The percentage change in income is given as 60%. We calculate the percentage change in quantity demanded as follows:

\mathbf{percentage change in quantity demanded = \frac{Q_{1}-Q_{0}}{Q_{0}}}

\mathbf{percentage change in quantity demanded = \frac{12-10}{10}}

\mathbf{percentage change in quantity demanded = 0.2}\\

Substituting the value above in the income elasticity demand formula we get,

\mathbf{YED = \frac{0.20}{0.60}}

<u>YED = 0.33333</u>

Since the income elasticity is positive, and since Shawna buys more cottage cheese after an increase in income, we can classify this good as a normal good.

Since the income elasticity is between 0 and 1 we can also conclude that cottage cheese is also a essential good or a necessity.

7 0
3 years ago
What should you do if the severity of risk is low and the frequency of the risk event occurring is high?
borishaifa [10]

If the severity of risk is low and the frequency of the risk event occurring is high thanwe should Avoid the risk.

High Frequency/ High Severity- Risks are almost certain to occur and when they occur impact will be very high. In such a case it is best to use Avoidance as a risk management technique. If avoidance is not possible then prevention and insurance techniques can be considered. High frequency/ Low severity- This more serious risk and occurrence is high but the impact is low. Examples of such risks include workers’ injuries and shoplifting. A common way to manage this type of risk is through Prevention.

Low frequency/ High severity- The impact of these kinds of risks is very high and can bankrupt a business. Insurance is the best technique to manage these risks that have low loss frequency and high loss severity. Low frequency/ Low severity- Retaining and self-insuring the risk. Risk occurrence is low and impact is also very low. In most cases, the costs of managing them outweigh the cost of retaining them.

Learn more about risk frequency here:- brainly.com/question/254161
#SPJ4

4 0
2 years ago
Developing a new automobile requires the services of many types of experts such as design and electronics engineers, procurers,
sashaice [31]

Answer: Boundaryless organization

Explanation:

Boundaryless organization is an organization that is not hindered or limited by boundaries created through established structures.

It could also mean an organization whose operation is not confined to a particular location or the confine of their office complex.

The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.

•Note that in order to achieved the concept of a boundaryless organization, flexibility and adaptability must be considered.

•Latest technology for getting work done must also be adopted over traditional mode of operation

3 0
3 years ago
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