Determine the level of measurement of the variable below. assessed value of a house assessed value of a house

a. nominal nominal v. ordinal ordinal

c. interval interval

d. ratio

Determine the level of measurement of the variable below. assessed value of a house?

Solution: Assessed value of a house is a ratio variable, because assessed value of a house can be measured numerically and difference between any two values has a useful meaning. Also, when the assessed value of a house is zero, it means there is none of this variable. Therefore, the assessed value of a house is a Ratio Variable