Question

What is the level of measurement for the assessed value of a house?

1) Nominal
2) Ordinal
3) Interval
4) Ratio

Answer 1

The level of measurement for the assessed value of a house is ratio.

Step-by-step explanation:

The level of measurement for the assessed value of a house is ratio.

Ratio scale data is like interval scale data, but it has a 0 point and ratios can be calculated. In the case of assessed value of a house, ratios can be calculated, such as comparing one house's assessed value to another house's assessed value.