A question that asks how much you would be willing to pay in annual premium for a $100,000 life insurance policy would be scaled as:
A) nominal.
B) ordinal.
C) interval.
D) ratio.
E) an origin.
Answer: d. ratio
A question that asks how much you would be willing to pay in annual premium for a $100,000 life insurance policy would be scaled as:
A) nominal.
B) ordinal.
C) interval.
D) ratio.
E) an origin.
Answer: d. ratio