Faculty Rank (Professor to Lecturer)is an Example of Discrete Numerical

question 146

True/False

Faculty rank (professor to lecturer)is an example of discrete numerical data.

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Definitions:

Market

An area or arena in which commercial dealings are conducted.

Price

The investment deemed necessary, expected, or delivered in payment for an item.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, representing a measure of producer welfare.

Market Price

The ongoing price point for transactions involving assets or services in the open market.