An analyst collects data on the weekly closing price of gold throughout a year. The scale of this data is
A) ratio scale.
B) ordinal scale.
C) interval scale.
D) nominal scale.

Question

Quizplus · Accepted Answer

The weekly closing price of gold is measured on a ratio scale because it has a true zero point (meaning no gold value or price) and the differences between values can be meaningfully compared, allowing for ratio comparisons.

An Analyst Collects Data on the Weekly Closing Price of Gold