An interval measure is a financial ratio used to determine the legth of time a firm can continue everyday business with using current assets in the event of a halt of inflow. The calculation is as follows Interval Measure = Current assets / (COGS / 365)
Three basic levels of measurement are nominal, ordinal, and interval/interval-ratio.
interval
Three basic levels of measurement are nominal, ordinal, and interval/interval-ratio.
the level of measurement is interval
It is a ratio scale of measurement.
interval
yes
interval
Interval
Nominal Scale < Ordinal< Interval < Ratio
Interval and ratio
Technically is an ordinal level measurement - because the options imply a hierarchy (i.e low to high levels of your variable of interest), but we cannot say that the difference between each level is precisely the same as you would be able to with an interval measurement. There is some controversy over this though, and it is still often used like an interval measurement in statistical tests, although this might not really be appropriate.