MANAGEMENT

Detailed explanation-1: -As quantitative data are always numeric they can be ordered, added together, and the frequency of an observation can be counted. Therefore, all descriptive statistics can be calculated using quantitative data.

Detailed explanation-2: -Numerical data refers to the data that is in the form of numbers, and not in any language or descriptive form. Often referred to as quantitative data, numerical data is collected in number form and stands different from any form of number data types due to its ability to be statistically and arithmetically calculated.

Detailed explanation-3: -At its simplest level, quantitative data is information that can be quantified. It’s data that can be counted or measured, and given a numerical value. Quantitative variables can tell you “how much, ” “how many, ” or “how often."

Detailed explanation-4: -Quantitative or numerical data An example of numerical data would be the number of sales made in a particular business quarter. Put simply, if the answer is a number, the data is quantitative (numerical).

Detailed explanation-5: -4 Types of Data: Nominal, Ordinal, Discrete, Continuous.