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Marital Status Is an Example of a Numerical Variable

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Marital status is an example of a numerical variable.


Definitions:

Daily Profit

The financial gain or loss a business experiences in a single day of operation.

Probabilities P

A mathematical determination of the likelihood of a specific event occurring, usually expressed as a number between 0 and 1.

Event A

A specified outcome or set of outcomes of a random experiment.

Random Variable

A variable whose values are numerical and result from randomness.

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