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

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
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Question

Quizplus · Accepted Answer

Income is a ratio level of measurement as it has a natural zero point and can be compared in terms of ratios (e.g. someone earning twice as much as another person earns).

The Incomes of a Group of 50 Loan Applicants Are