Some statisticians consider a Likert-type item to be an ordinal-level scale, whereas others consider it to be an interval-level scale. Why?
What will be an ideal response?
Interval scales require equal distances between values whereas ordinal scales only require meaningful order. People in favour of “interval” argue that the distances between numbers in a Likert-type survey item (for example, 1 through 5) are equidistant; that is, the distance between 1 and 2 is the same as the distance between 4 and 5. People in favour of “ordinal” argue that this isn’t true; all we know is that “4” is more than “3”, not how far apart they are. However, if these distances are treated as equal, we are able to conduct more powerful statistical tests on the data.
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When a stock dividend is distributed, the account to be debited would be
a. Capital Stock; b. Stock Dividends Distributable; c. Paid-In Capital in Excess of Par; d. Retained Earnings; e. Common Stock
All factors in a future value table must be less than or equal to 1.000
Indicate whether the statement is true or false
The best way to reduce your anxiety about public speaking is to:
a. be prepared. b. pretend there is no one in the audience. c. hold tightly to the podium. d. apologize at the beginning of your speech to lower the expectations of your audience.
Identify up to four phenomena that foster specialization and worldwide supply chains
What will be an ideal response?