The incomes of a group of 50 loan applicants are obtained. Which level of measurement is income?
A) Nominal
B) Ordinal
C) Interval
D) Ratio
E) None of the choices are correct

Name: The incomes of a group of 50 loan applicants are obtained. Which level of measurement is income? A) Nominal B) Ordinal C) Interval D) Ratio E) None of the choices are correct
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Question

Quizplus · Accepted Answer

Income is measured on a ratio scale because it has a true zero point and the differences between values are meaningful.

The Incomes of a Group of 50 Loan Applicants Are