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valina [46]
4 years ago
11

A recent study about online shopping asked respondents to indicate their education level on the following​ scale: "Less than Hig

h​ School," "High​ School," "Some​ College," "College+." Which of the following statements is​ (are) true? a) Education level is a categorical variable. b) Education level is nominal scaled.c) Education level is ordinal scaled.
Business
1 answer:
leonid [27]4 years ago
8 0

Answer

The correct option is C) Yes it is true that Education is an ordinal scale.

Explanation:

An ordinal scale  is a form of measurement that shows ranking of data in an order that does not necessarily establish the degree of variation between them

As a rank order, Ordinal Scale assign numbers to objects to determine the relative extent to which certain characteristic is possessed.

Education is an ordinal scale and the objects of this research was assigned in the following order:

  • "Less than High​ School,"
  • "High​ School,"
  • "Some​ College,"
  • "College+."

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Common allocation bases are a.direct labor dollars, direct labor hours, and machine dollars b.machine dollars, direct labor doll
kkurt [141]

Answer:

The correct answer is letter "C": direct labor dollars, direct labor hours, and machine hours.

Explanation:

The allocation base is the method of assigning overhead costs to the source that causes it. More often, the allocation base is used for goods being produced in the manufacturing industry. In case the allocation base has properly been applied, changes in the allocation costs will not have a major impact on the costs of the source.

<em>Examples of allocation bases are assigning costs of Human Resources (HR) according to the number of employees in each administrative department or direct labor dollars, direct labor hours, and machine hours in production.</em>

8 0
4 years ago
Marc and Michelle are married and earned salaries this year of $71,600 and $14,850, respectively. In addition to their salaries,
kompoz [17]

Answer and Explanation:

Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)

Please find attached calculations for gross income and AGI for the couple

8 0
3 years ago
Slate is a daily magazine on the Web. Its business activities can be described by a number of variables. What is the level of me
svlad2 [7]

Answer:

A. The number of hits on their website on Saturday between 8:00 am and 9:00 am - Ratio.

B. The Departments, such as food and drink, politics, foreign policy, sports - Nominal.

C. The number of weekly hits on the Sam's Club ad.

This variable is quantitative in nature and thus its level of measurement is Ratio.

D. The number of years each employee has been employed with Slate.

It could be 0, 1, 2, or more years

This variable is thus quantitative in nature and thus its level of measurement is Ratio.

Explanation:

Data can be categorized as belonging to one of the following four levels of measurement;

nominal

ordinal

interval

ratio

The nominal scales are used for categorical variables which have no any quantitative value. For example, a person can be categorized as being male or female; young or old.

On the other had, the Ratio scale is tell us about the order, the magnitude and most importantly this scale has an absolute zero. The ratio scale unlike the nominal one is basically for quantitative data.

With these information we can now deduce the level of measurement for each of the variables.

A. The number of hits on their website on Saturday between 8:00 am and 9:00 am

This variable is quantitative in nature and thus its level of measurement is Ratio.

B. The Departments, such as food and drink, politics, foreign policy, sports;

This variable is categorical in nature and thus its level of measurement is Nominal.

C. The number of weekly hits on the Sam's Club ad.

This variable is quantitative in nature and thus its level of measurement is Ratio.

D. The number of years each employee has been employed with Slate.

It could be 0, 1, 2, or more years

This variable is thus quantitative in nature and thus its level of measurement is Ratio.

5 0
3 years ago
You would expect a bond of an Eastern European government to pay interest rate as compared to a bond of the U.S. government. You
Olenka [21]

Answer:

1) A bond of an Eastern European government

2) A bond that repays the principal in year 2040

3) A bond from a software company you run in your garage

4) A bond issued by the federal government

Explanation:

Term: Long-term bonds are riskier than short-term bonds because holders of long-term bonds have to wait longer for repayment of principal. To compensate for this risk, long-term bonds usually pay higher interest rates than short-term bonds.

Credit risk: When bond buyers perceive that the probability of default is high, they demand a higher interest rate as compensation for this risk.

Tax treatment: When state and local governments issue bonds, the bond owners are not required to pay federal income tax on the interest income. Because of this tax advantage, bonds issued by state and local governments typically pay a lower interest rate than bonds issued by corporations or the federal government.

6 0
3 years ago
You and other college students are deciding whether to major in music or engineering. You learn that there is a shortage of engi
zloy xaker [14]

The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.

As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.

Explanation:

When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.

So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.

Learn more about Market Equilibrium at:

brainly.com/question/91783

#LearnWithBrainly

3 0
4 years ago
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