1. Most undergraduate business students will not go on to become actual practitioners of statistical research and analysis. Considering this fact, why should such individuals bother to become familiar with business statistics?
2. Bill scored 1200 on the Scholastic Aptitude Test and entered college as a physics major. As a freshman, he changed to business because he thought it was more interesting. Because he made the dean's list last semester, his parents gave him $30 to buy a new Casio calculator. For this situation, identify at least one piece of information in the
a. nominal scale of measurement.
b. ordinal scale of measurement.
c. interval scale of measurement.
d. ratio scale of measurement.