Accountancy, asked by akashpalvarsu9013, 1 month ago

What are the Give essential features of ratio?

Answers

Answered by vasarahit232
0

Explanation:

characteristics of ratio data

1. absolute point zero - Ratuo data is measured ona ratio scale

2. no negative numerical value - ratio data

doesn't have any negative numerical value.

3. calculation -ratio data values can be added, subtracted, divided and multiplied

Answered by anuraghira
0

Ratio Data is defined as quantitative data, having the same properties as interval data, with an equal and definitive ratio between each data and absolute “zero” being treated as a point of origin. In other words, there can be no negative numerical value in ratio data.

Characteristics of Ratio Data

1. Absolute Point Zero – Ratio data is measured on a ratio scale. One of the distinctive characteristics of ratio data is the true absolute zero point, which makes the data relevant and meaningful in a manner where it is right to say, “one object is twice as long as the other” or 4 has twice the value as 2.

2. No Negative Numerical Value – Ratio data doesn’t have any negative numerical value. For a value to be a ratio data researcher, first must evaluate if it meets all the criteria of interval data and has an absolute zero point. For example, weight cannot be negative, -20 Kgs doesn’t exist.

3. Calculation – Ratio data values can be added, subtracted, divided, and multiplied. A unique statistical analysis is possible for ratio data. Chi-square can be calculated using a ratio scale for ratio data. Mean, mode and median can also be calculated for the ratio data.

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