Question

For each of the following variables, identify the level of measurement (nominal, ordinal, interval, or ratio). (1) Annual sales of a new business start-up (II) Number of auto insurance claims in a month 1) (1) Ordinal , and (II) Interval 2) (1) Ratio , and (II) Ratio 3) (1) Nominal, and (11) Interval O4) (1) Ordinal, and (II) Ratio 5) (0) Ratio , and (II) Nominal

Answer 1

Answer:

2) (I) Ratio, and (II) Ratio

Explanation:

The variables annual sales of a new business start up and number of auto insurance claims in a month has ratio level of measurement, because both variables are quantitative in nature.