BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A numeric variable (also called quantitative variable) is a quantifiable characteristic whose values are numbers (except numbers which are codes standing up for categories). Numeric variables may be either continuous or discrete.

Detailed explanation-2: -Quantitative variables may be discrete or continuous. Discrete variables can only take on a limited number of values (e.g., only whole numbers) while continuous variables can take on any value and any value between two values (e.g., out to an infinite number of decimal places).

Detailed explanation-3: -Variables that can only take on a finite number of values are called “discrete variables.” All qualitative variables are discrete.

Detailed explanation-4: -On the other hand, quantitative continuous variables are variables for which the values are not countable and have an infinite number of possibilities. For example: Age. Weight.

Detailed explanation-5: -A continuous variable is a type of quantitative variable consisting of numerical values that can be measured but not counted, because there are infinitely many values between 1 measurement and another. Example: Cholesterol level measured in mg/dl.