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Rick Irizarry of Irizarry Insurance Company Is Conducting a Survey

Question 114

Multiple Choice

Rick Irizarry of Irizarry Insurance Company is conducting a survey of potential customers.One of his questions asks how much customers would be willing to pay in annual premium for a $100,000 life insurance policy.Respondents are asked to:
Check appropriate category:
___ $1 to $10 month
___ $11 to $20 month
___ $21 to $30 month
___ $31 to $40 month
___ $41 to $50 month
Rick should consider the type of measurement scale to be:


A) nominal.
B) ordinal.
C) interval.
D) ratio.
E) none of the above

Correct Answer:

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