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Income is a ratio measure. In ratio measures, one can order categories, specify the difference between two categories, and the value of zero on the variable represents the absence of the variable. Thus, income can take on values of $0, $10, $30,000, etc. Zero dollar income means the absence of income, making income a ratio measurement.
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Earn +20 ptsQ: Is income a ratio or interval scale measurement?
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Continue Learning about Statistics
Is age an interval or ratio scale of measurement?
It is a ratio scale of measurement.
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