Which of the Following Is a Continuous Numerical Variable

question 38

Multiple Choice

Which of the following is a continuous numerical variable?

• A) The color of a student's eyes
• B) The number of employees of an insurance company
• C) The amount of milk produced by a cow in one 24-hour period
• D) The number of gallons of milk sold at the local grocery store yesterday

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Definitions:

Break-Even Sales

The amount of revenue required to cover both the fixed and variable costs of a business, indicating the point at which profit starts to be generated.

Margin Of Safety

The difference between actual sales and break-even sales, indicating the amount by which sales can drop before losses begin.

Percentage Of Sales

A financial ratio that compares a particular figure or total, such as profit or expense, to the total sales revenue.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the risk level of not covering fixed costs.