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aliya0001 [1]
3 years ago
9

A study was done on the campus of a major state institution to measure attitudes of students to-wards the recent fee increase. O

ne question asks respondents to rank the five fees they are willing to pay from 1=most willing to 5=least willing. This is scaled as an:________.
Business
1 answer:
kiruha [24]3 years ago
3 0

Answer: Ordinal scale.

Explanation:Ordinal scale is the level of measurement that gives the ranking of data without showing the degree of variation between them. It helps in identifying if object has more or less characteristic when compared to another object but does not tell the exact weight of the characteristic. Data in Ordinal scale is usually given in order of magnitude since there is no standard of measurement of differences. For example 1=most willing to 5=least willing.

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Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it hard
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Answer:

You pay your neighbor $400 to cut the tree down.

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You pay your neighbor $400 to cut the tree down.

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Question 1 (10 points) You are faced with a problem. You want to go to the movies with your friends and see the latest action fl
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The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.

<h3>What is Opportunity Cost?</h3>

Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.

In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.

However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.

The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.

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2 years ago
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$10,000,000/$50

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8 0
3 years ago
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