EVERYDAY SCIENCE

Detailed explanation-1: -variable of interest, in an experimental study, a changing quantity that is measured. One or more of these variables, referred to as the factors of the study, are controlled so that data may be obtained about how the factors influence another variable referred to as the response variable, or simply the response.

Detailed explanation-2: -In science, a variable is any factor, trait, or condition that can exist in differing amounts or types.

Detailed explanation-3: -Factor rates are defined as the additional amount of interest over the principal of a loan. This is as opposed to the interest over time that is calculated with a conventional interest rate or APR calculation. It is generally easier to calculate interest factor than other forms of interest.

Detailed explanation-4: -Dependent Variable: The outcome variable of interest is observed to see whether it is influenced by a manipulated variable. This is called a dependent variable. In other words, a characteristic that is dependent on, or thought to be influenced by, an independent variable.