BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Continuous Variable
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Quantitative
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Discrete Variable
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Volume
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Detailed explanation-1: -A discrete variable is a variable that takes on distinct, countable values. In theory, you should always be able to count the values of a discrete variable.
Detailed explanation-2: -Discrete Data: Discrete data is a type of numerical data with countable elements. I.e they have a one-to-one mapping with natural numbers. Discrete data can either be countably finite or countably infinite.
Detailed explanation-3: -Discrete random variables can only take on a finite number of values. For example, the outcome of rolling a die is a discrete random variable, as it can only land on one of six possible numbers. Continuous random variables, on the other hand, can take on any value in a given interval.
Detailed explanation-4: -Discrete data is a numerical type of data that includes whole, concrete numbers with specific and fixed data values determined by counting. Continuous data includes complex numbers and varying data values measured over a particular time interval.