The researcher uses the Ratio approach in order to obtain and compares the amount of debt that undergraduate students incur to earn a 4-year degree.
When two or more numbers are compared and their sizes are shown in relation to one another, the result is a ratio. The dividend or number being divided is referred to as the antecedent, and the divisor or number that is dividing is referred to as the consequent. A ratio compares two numbers via division.
Different Scales of Measurement:
There are four distinct measuring scales. One of the four scales can be used to define the data. The four different scale types are:
Nominal Scale
- Two or more categories are assigned to a nominal scale variable.
- The response in this measuring method should correspond to one of the classifications.
- It is of high quality. Here, the items are identified by their numbers.
Ordinal Scale
- The ordinal scale displays the variables' relative order.
- It detects and describes a variable's magnitude.
- Ordinal scales offer the ranks of those variables together with the information supplied by the nominal scale.
- The degree of agreement with regard to the selected sequence of variables may be promptly examined by the surveyors.
Interval Scale
- The interval scale is quantitative because it can measure how much the values differ from one another.
- It enables the variables' means and medians to be calculated
- Since it makes it possible to assign any numerical values to any assessments, such as moods, calendar kinds, etc., the interval scale is the preferred scale in statistics.
Ratio Scale
- Absolute zero is a characteristic of the ratio scale.
- Its zero-point characteristic prevents it from having negative integers.
- It offers exceptional chances for statistical analysis.
- The variables may be neatly multiplied, split added, and subtracted. The ratio scale may be used to compute the mean, median, and mode.
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