Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 1 - Section 1.1 - Assess Your Understanding - Vocabulary and Skill Building - Page 12: 37


ratio level.

Work Step by Step

This is measured at the ratio level, because the ratio of two values makes sense and a value of zero has meaning. (In this case, it means that the house has no value.) If the assessed value of the house A is 1,000,000.00 dollars and the assessed value of the house B is 500,000.00 dollars, it means that the house A is twice as valuable as house B.
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