A dataset that is comprised of the value of homes in a neighborhood is on a ________ scale
A) interval
B) ratio
C) nominal
D) ordinal

Question

Quizplus · Accepted Answer

A ratio scale is defined as a scale that has a true zero point and allows for meaningful ratios. In this case, the value of homes is measured on a ratio scale because it has a true zero point (i.e., homes with a value of $0 do exist) and allows for meaningful ratios (i.e., a home that is worth twice as much as another home has a ratio of 2:1).

A Dataset That Is Comprised of the Value of Homes