Categorical Variables Are the Same as Qualitative Variables

question 19

True/False

Categorical variables are the same as qualitative variables.

---

Definitions:

Tax Per Unit

A levy imposed by a government on each unit of goods or services sold.

Buyers

Individuals or entities that purchase goods or services from the market for consumption or use.

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or additional legal entities to fund public expenditures.

Price

The monetary value or amount that must be given in exchange for a good or service.