Insurance companies are rated by several rating agencies. The Fitch 20-point scale is AAA, AA+, AA, AA,

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Insurance companies are rated by several rating agencies. The Fitch 20-point scale is AAA, AA+, AA, AA−, A+, A, A−, BBB+, BBB, BBB−, BB+, BB, BB−, B+, B, B−, CCC+, CCC, CCC−, DD.

(a) What level of measurement does this scale use?

(b) To assume that the scale uses interval measurements, what assumption is required?

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Essential Statistics In Business And Economics

ISBN: 9781260239508

3rd Edition

Authors: David Doane, Lori Seward

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Question Posted: Oct 02, 2019 01:04 PM

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Insurance companies are rated by several rating agencies. The Fitch 20-point scale is AAA, AA+, AA, AA,

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Essential Statistics In Business And Economics

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