Identify the level of measurement corresponding to the data 'Cost of rod and reel' associated with fishing.

Answer:

ratio

explaination:

The cost of a rod and reel is measured in monetary units, which are quantitative. This type of data is classified as a ratio level of measurement because it has a true zero point (i.e., a cost of zero means no cost at all). In ratio measurement, not only can we compare the differences between values, but we can also say that one value is a certain multiple of another (e.g., a rod costing $100 is twice as expensive as one costing $50). This distinguishes it from nominal and interval levels of measurement, which do not have a true zero point or do not allow for meaningful ratios.

Topic: Statistics, Levels of Measurement

Tags: statistics levels of measurement ratio data analysis

Get Instant Homework Help with Statistics, Levels of Measurement Questions

Identify the level of measurement corresponding to the data 'Cost of rod and reel' associated with fishing.

Question:

Choices:

Answer:

explaination: