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26 November, 11:44

Determine the level of measurement of the variable below. assessed value of a house assessed value of a house

a. nominal nominal v. ordinal ordinal

c. interval interval

d. ratio

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  1. 26 November, 13:48
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    Determine the level of measurement of the variable below. assessed value of a house?

    Solution: Assessed value of a house is a ratio variable, because assessed value of a house can be measured numerically and difference between any two values has a useful meaning. Also, when the assessed value of a house is zero, it means there is none of this variable. Therefore, the assessed value of a house is a Ratio Variable
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