Describe the concept of measurement level and the four different levels of scale measurement.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Nominal Scales represent the most elementary level of measurement A nominal scale assigns a value to ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Essentials of Marketing Research
ISBN: 978-1305263475
6th edition
Authors: Barry J. Babin, William G. Zikmund
Question Posted:
Students also viewed these Marketing questions
-
Describe the concept of market efficiency. In what sense is this concept an important part of the shareholder wealth maximization objective?
-
Describe the concept of the breakeven point in words by using the concept of contribution and fixed costs.
-
Describe the concept of Six Sigma quality. Why is such a high quality level important?
-
Consider a post office with two employees and a single waiting line. On average, the inter-arrival time is 6 minutes. Standard deviation of inter-arrival time is 3.94 minutes. Average service time is...
-
Explain the difference between productivity as defined on p. 2 in Chapter 1 and multifactor productivity as defined in this chapter. Explain why productivity as defined in Chapter 1 must increase if...
-
Suppose a bottle of wine sells for $16 in California and for 10 in France. Assuming a nominal exchange rate of 0.75 euro per dollar, a) calculate the real exchange rate between U.S. wine and French...
-
A trout jumps, producing waves on the surface of a 0.8 -m-deep mountain stream. If it is observed that the waves do not travel upstream, what is the minimum velocity of the current?
-
Adriana Alvarado has decided to purchase a personal computer. She has narrowed the choices to two: Drantex and Confiar. Both brands have the same processing speed, 6.4 gigabytes of hard-disk...
-
Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incurred the following costs: purchase price, $83,000; interest charges,...
-
The country of Adventurelands two citizens, Bill and Ted, both earn $1,000 per week working the same job at the same company. Bill and Ted each face some risk of being laid off due to bad market...
-
What role does an operational concept definition play in planning a research project?
-
Consider the different grading measuring scales described at the beginning of the chapter. Describe what level of measurement is represented by each. Which method do you think contains the least...
-
Give a geometric description of the following sets of points. (x + 1) 2 + y 2 + z 2 - 2y - 24 = 0
-
Employees gets 10 days of vacation, 10 days of sick time, and 10 days of holiday time year year. What is the benefit time per week? A. 40 hours B. 1.54 FTE, not hours of benefit C. 0.115 hours per...
-
AAA private equity firm sold its portfolio company, AMGN Inc., for $450 million enterprise value. The investment hit its target rate of return so management was awarded 7.5% of the stock of AMGN. At...
-
A new equipment is being considered to replace an old equipment in a facility. The equipment would cost $7,480 and it would require a special maintenance at year 10 of the life expectancy of the...
-
In 2020, Broadcom paid $13 per share in dividends. We will estimate the value of Broadcom stock using a 10% required. rate of return and assuming that dividends will grow for the next three years at...
-
How can ethical leaders effectively address moral distress and ethical conflicts among team members, facilitating constructive dialogue and ethical decision-making processes within the organization?
-
For hypothesis tests that are two-tailed, the methods of Part 1 require that we need to find only the upper critical value. Lets denote the upper critical value by FR, where the subscript indicates...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
Why is it wrong to use correlates of a concept to measure that concept?
-
What is meant by operational denition, when is it necessary, and why is it necessary?
-
Operationally dene the following: a. Customer loyalty b. Price consciousness c. Career success
-
2.1 Explain by means of drawings how the Successive-Approximation conversion process takes place when receiving an analog voltage input. Use the KEEP/RESET method. Use 5 V input. Vref= 8 V (10) 2.2...
-
Assume that we have a Ridge regression problem with only one predictor, and the true model is linear without an intercept, i.e. Y = X + e. Assume that we have In samples, (xi, y), (x2, Y2), . . .,...
-
Please write a program that calculates the final score of multiple students using different weight of exams and assign their final grade using the following criteria: If the average grade is 90 or...
Study smarter with the SolutionInn App