Businesses in a country are listed by size: small, medium, and large. Explain why business size...

Question

Question

Businesses in a country are listed by size: small, medium, and large. Explain why business size...

Businesses in a country are listed by size: small, medium, and large. Explain why business size is an example of an ordinal-scaled variable.

Choose the correct answer below.

A.

The size of a business is ordinal-scaled because it has numerical values that arise from a counting process.

B.

The size of a business is ordinal-scaled because it has values that can be used as an order or rank of a categorical variable.

C.

The size of a business is ordinal-scaled because it has values that represent quantities.

D.

The size of a business is ordinal-scaled because it has numerical values that arise from a measuring process.

math Statistics-And-Probability

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Add a comment

Answer 2

Similar Homework Help Questions

Businesses in a country are listed by size: small. medium, and large. Explain why business size...

Businesses in a country are listed by size: small. medium, and large. Explain why business size is an example of a categorical variable. Choose the correct answer below O A. The size of a business is categorical because it has values that represent quantities O B. The size of a business is categorical because it has numerical values that arise from a measuring process. O C. The size of a business is categorical because it has numerical values that arise...
please answer for question c and explain. X 12.1.38 Question Help An accounting firm assists small...

please answer for question c and explain. X 12.1.38 Question Help An accounting firm assists small businesses file annual tax forms. It assigns each new client to a CPA who specializes in companies of that type and size. To speed the process, each business submits a preliminary tax form Complete parts (a) through (d) below. (a) Would a normal model be useful to describe the size of adjustments when a CPA reviews the preliminary tax forms? (For example, suppose the...
Kimbrell Inc. manufactures three sizes of utility tables—small (S), medium (M), and large (L). The income...

Kimbrell Inc. manufactures three sizes of utility tables—small (S), medium (M), and large (L). The income statement has consistently indicated a net loss for the M size, and management is considering three proposals: (1) continue Size M, (2) discontinue Size M and reduce total output accordingly, or (3) discontinue Size M and conduct an advertising campaign to expand the sales of Size S so that the entire plant capacity can continue to be used. If Proposal 2 is selected and...

Valdespin Company manufactures three sizes of camping tents—small (S), medium (M), and large (L). The income...

Valdespin Company manufactures three sizes of camping tents—small (S), medium (M), and large (L). The income statement has consistently indicated a net loss for the M size, and management is considering three proposals: (1) continue Size M, (2) discontinue Size M and reduce total output accordingly, or (3) discontinue Size M and conduct an advertising campaign to expand the sales of Size S so that the entire plant capacity can continue to be used. If Proposal 2 is selected and...
I need help with the following business economics questions. I am stuck on them and would...

I need help with the following business economics questions. I am stuck on them and would really like some help. 55. Which of the following is NOT a social or cultural barrier to international trade? a. Language b. Religious attitudes c. Per-capita income d. Values 56. Which is the most widely spoken language in the world? a. Mandarin Chinese b. Spanish c. Arabic d. English 57. The _______________ forbids U.S. companies from bribing foreign officials, political candidates, or government representatives....
Sunrise Solar Inc. (SSI) is a medium-size company that is developing solar energy systems for private...

Sunrise Solar Inc. (SSI) is a medium-size company that is developing solar energy systems for private residences and small businesses. It is privately owned, with the majority of the shares held by the company's president, Shu Mingfei. Started up two years ago, to date, it is mostly involved in research and development, but this year it completed its first customer sales and installation. Shu has engaged your firm to do the current year's audit because she plans to obtain $20...

Sunrise Solar Inc. (SSI) is a medium-size company that is developing solar energy systems for private...

Sunrise Solar Inc. (SSI) is a medium-size company that is developing solar energy systems for private residences and small businesses. It is privately owned, with the majority of the shares held by the company's president, Shu Mingfei. Started up two years ago, to date, it is mostly involved in research and development, but this year it completed its first customer sales and installation. Shu has engaged your firm to do the current year's audit because she plans to obtain $20...
Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith....

Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith. SSL’s line of business is centered on providing services for the local entertainment industry as well as other organizations such as civic groups and churches in need of support for large gatherings. SSL’s services range from simple DJ services to rental and sale of audio, video, and lighting equipment. Support may be provided on either a continuous or a one-time basis. SSL has noticed...
You are required: 1. Explain the relevance of each of the items of economic data listed...

You are required: 1. Explain the relevance of each of the items of economic data listed above to NordicPressen! 2. Explain whether NordicPressen should continue with their expansion plans. Clearly justify for arguments for or against expansion. Give at least 3 arguments “for” and 3 arguments “against”! dow Help 1.Assignment (2019.01.28) NordicPressen NordicPressen operates a chain of newsagents and coffee shops in the south of Northern European country, and are considering the possibility of expanding their business across a wider...

Wearwell Carpet Company is a small residential carpet manufacturer started by Don Stegall, a long...

Wearwell Carpet Company is a small residential carpet manufacturer started by Don Stegall, a long-time engineer and manager in the carpet industry. Stegall began Wearwell in the early 1990s after learning about ABC, JIT, total quality management, and several other manufacturing concepts being used successfully in Japan and other parts of the world. Although it was a small company, he believed that with his many years of experience and by applying these advanced techniques, Wearwell could very quickly become a...

Businesses in a country are listed by size: small, medium, and large. Explain why business size...

Homework Answers

Add Answer to:
Businesses in a country are listed by size: small, medium, and large. Explain why business size...

Post as a guest

Earn Coins