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The Likert scale approach involves respondents indicating their level of agreement or disagreement with a series of statements, typically on a multi-point scale (e.g., 1 to 5 or 1 to 7), allowing for nuanced opinions. In contrast, the Thurstone scale approach requires researchers to develop a set of statements that represent a range of attitudes, which are then rated by experts to determine their relative intensity, with respondents selecting from these pre-rated statements. While the Likert scale is straightforward and easy for respondents, the Thurstone scale is more complex and aims for a more precise measurement of attitudes.
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Difference between returns to scale and constant return to scale?
differentiate between returns to scale and constant return to scale
What is the meaning of syndicate approach?
The syndicate approach refers to a collaborative method where multiple parties, often financial institutions or investors, come together to pool resources and share risks in order to undertake a specific project or investment. This approach is commonly used in large-scale financing, such as in real estate developments or major infrastructure projects, allowing participants to leverage their collective expertise and capital. By working as a syndicate, members can diversify their investments while reducing individual exposure to financial risk.
What is mass approach?
The mass approach, often referred to in the context of marketing or production, involves targeting a broad audience with a standardized product or service, rather than customizing offerings for specific segments. This strategy aims to achieve economies of scale by producing large quantities at a lower cost per unit, allowing businesses to reach a wider market. It is commonly used in industries where consumer needs are similar, such as fast food or consumer electronics. However, the mass approach may lack the personalization that some consumers increasingly desire.
What does the writer mean by diseconomies of sale?
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
What is the mercantile scale?
it is a scale that uses counter weight and balance
What is a likert scale?
real definition of likert scale?
What is the Linkert scale used for?
The Likert scale is a psychometric scale commonly involved in research that gives its participants questionnaires. It is the approach to scaling responses in survey results.
What level of measurement is likert scale?
It depends on the specific likert scale, but generally it is the ordinal level
How do you convert a 5 point likert to a 3 point likert and what role does item response theory play here?
Can a 3-point scale also be called a Likert scale?? PS
What is the Best way to answer the Likert Scale?
The Likert type question is used to determine the respondent attitude or feeling on a particular specific item. There are numerous ways to set up the answer types on the Likert scale; see the related links.
Is a Likert scale quantitative or qualitative?
A Likert scale is considered a quantitative measurement tool because it assigns numerical values to responses and allows for numerical analysis of data.
How do I make a likert scale questionnaire?
A Likert Scale Questionnaire is one where the subjects are asked to mark how much they agree with the point of view in the item. Rensis Likert devised it first. An item in a Likert Questionnaire could be "People who commit murder should be executed." The format for a five-point Likert scale could be: # Strongly disagree # Disagree # Neither agree nor disagree # Agree # Strongly Agree The results are either analyzed separately, or the whole scale may be totalled or summed. Because of this, Likert Scales are often called "Summative Scales".
How do you convert numbers to percentages to a likert scale of 1-5?
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What scale uses responses strongly agree agree neutral strongly disagree disagree?
The Likert Scale
How do you convert a 5 point likert scale to 4 point likert?
See the related link for more information. The Likert scale with 5 points typically has a middle neutral (neither agree or disagree) choice. In the 4-point scale, the neutral choice is removed, so that person who is uncertain is forced to lean (even if slightly) one way or the other.
Use of likert scale?
its mostly used in scaling responses in questioners and surveys
How do you convert a 7 point likert to a 10 point likert?
The correct formula is: 1.5 x (N-1) +1 where N is the score on a 7 point scale.
