1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vredina [299]
3 years ago
12

2. Identify the type of scale of measurement (nominal, ordinal, interval or ratio) appropriate for each of the following types o

f data.
a. Star ratings of hotels

b. Sales revenues of companies

c. Grades of officers in armed forces

d. House numbers in a street

e. Prices of cars

f. Classes of accommodation on passenger flights

g. Passport numbers

h. Numbers in a rating scale on a questionnaire

i. Index numbers

​
Business
1 answer:
nevsk [136]3 years ago
7 0

Answer: Please refer to Explanation

Explanation:

A Nominal Scale is a scale where variables are grouped and categorized according to certain characteristics. You cannot perform normal mathematical functions on them such as addition, subtraction and the like.

Ordinal Scales are like nominal scale but in this case the variables can be ranked. You can have a first position and a last position.

An Interval scale is numeric and as such can be ordered. You can also perform mathematical functions on them. Interval scales have no true zero and an example is Temperature. That's why temperature can drop to the negatives.

A Ratio Scale is in many ways like an Interval Scale. The main distinguishing factor is that a Ratio Scale has a true 0. This means that at there is no number before 0 and at 0 level, the variable is considered finished.

Classifying the above therefore,

a. Star ratings of hotels.

ORDINAL because they can be ranked.

b. Sales revenues of companies.

RATIO because there is a true 0. At $0, there is no revenue.

c. Grades of officers in armed forces.

ORDINAL as it can be ranked.

d. House numbers in a street.

NOMINAL as the street numbers don't mean a house is higher ranked than another.

e. Prices of cars.

RATIO as there is a true zero. A car at $0 is free. Price cannot be below $0.

f. Classes of accommodation on passenger flights.

ORDINAL as it can be ranked according to treatment in the various classes.

g. Passport numbers.

NOMINAL as the different passport numbers are simply used for identification and cannot rank people.

h. Numbers in a rating scale on a questionnaire.

ORDINAL because the variables can be ranked from top to bottom.

i. Index numbers.

ORDINAL if the index can be ranked.

You might be interested in
A man has $245,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $23
astraxan [27]

Answer:

for 8% investment = $110000

for 12% investment = $55000

for 10% investment =  $80000

annual income for each property is

x amount for 8% investment = $8800

y amount for 12% investment = $6600

z amount for 10% investment = $8000

Explanation:

Given data

investment = $245000

rate 1 = 12%

rate 2 = 10%

rate 3 = 8%

annual income = $23400

rate = 8%  twice that invested at 12%

to find out

invested in each property and  the annual income from each property

solution

let us consider x amount for 8% investment

and consider y amount for 12% investment

and consider z amount for 10% investment

from question we say,  8% is twice that invested at 12%

x = 2y      ........1

and

x + y + z = 245000      .............2

put 1 in equation 2

2y + y + z = 245000  

z = 245000 - 3y            ...................3

and we can say that

0.08x + 0.12y + 0.10z = 23400              ...........................4

put equation 1 and 3 in 4

0.08(2y) + 0.12y + 0.10( 245000 - 3y ) = 23400

0.16y + 0.12y - 0.3y = -1100

0.02y = 1100

y = $55000

so x = 2(y) = 2(5500) = $110000

and z = 245000 - 3(55000) = $80000

so annual income for each property is

x amount for 8% investment = 0.08 × 110000 = $8800

y amount for 12% investment = 0.12 × 55000 = $6600

z amount for 10% investment = 0.10 × 80000 = $8000

4 0
3 years ago
How do countries develop a comparative advantage over their trading
GrogVix [38]
A would be the correct answer
7 0
3 years ago
Read 2 more answers
Home and Foreign produce two​ goods, flowers and soybeans. Home exports the labor intensive flowers and Foreign exports the land
Anit [1.1K]

Answer:

guy who is this and what is the cow ate grass and died in the middle of the night

7 0
4 years ago
2.
Mama L [17]

Answer:

The correct answer to this IMPOSSIBLE question is the correct answer to this is the right one is B. I hOpE yOu EnJoY tHe ReSt Of YoUr DaY;)

6 0
3 years ago
Read 2 more answers
Once you have developed a set of solutions for a business problem or challenge how do you go about assessing each on its merits
s344n2d4d5 [400]

When you think about calculating your small business's success, you ought to see how much revenue it produces. Obviously, when you are running a corporation, money is necessary. Your business is done without it. You will expand your company with it and continue to follow your entrepreneurial dream.

During a given time frame, the financial statement tests the success of your firm by displaying the gains and expenses of your corporation. The balance sheet reflects the financial stability of the organisation, calculating how much you owe and own. And the declaration of cash flow indicates how liquid cash is at the business.

Measuring market efficiency involves testing the company's cash flow. Check out the financial statements if you want to see how profitable the company is.

A perfect way to assess the success of your company and forecast progress is to know how many new clients you have. You might need to kick up your marketing campaign if your company is static with the same 25 clients.

See if current consumers are the ones buying from your firm. Create a customer list to manage clients with email addresses. That way, every month or year, you can easily count the number of new customers.

Learn more about business here

brainly.com/question/15826771

#SPJ4

6 0
2 years ago
Other questions:
  • A manager is holding a $1.2 million stock portfolio with a beta of 1.01. She would like to hedge the risk of the portfolio using
    6·1 answer
  • Which of the following are elements you should include in meeting minutes? Check all that apply.
    6·1 answer
  • What was the penalty countries incurred for not being part of the world trade system?
    9·1 answer
  • Is it 50 hours in a day ?
    10·2 answers
  • If a company states in its advertisements that 10 percent of all profits go to planting trees in various parts of the​ world, th
    11·1 answer
  • What is the meaning <br>economics ​
    8·1 answer
  • Who is credited with pioneering the principles of the scientific approach to management
    12·1 answer
  • According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Chefs? Ch
    14·2 answers
  • Statz Company had sales of $1,800,000 and related cost of goods sold of $1,150,000 for its first year of operations ending Decem
    11·1 answer
  • an arrangement a manufacturer makes with a reseller to handle only its products and not those of competitors is called a(n)
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!