SOLUTION: Classify the following as an example of a nominal, ordinal, interval, or ratio level of measurement, and state why it represents this level:
salaries of the CEOs of seven regional
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Question 473355: Classify the following as an example of a nominal, ordinal, interval, or ratio level of measurement, and state why it represents this level:
salaries of the CEOs of seven regional banks
Thanks,
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
Ratio level.
There is an absolute zero for this measurement (Absolute zero = no salary), and all the arithmetical operations (including powers and roots) can be done on these measurements.
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