State Whether the Actual Data Are Discrete or Continuous and Explain

question 76

Multiple Choice

State whether the actual data are discrete or continuous and explain why.
-The heights of freshmen at mid western colleges in a given year

• A)Continuous because the numbers can have any value within some range of values
• B)Discrete because only counting numbers are used, and no values between the counting numbers are possible

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, representing the interest payments made on any borrowed capital.

Tax Rate

is the percentage at which an individual or corporation is taxed by the government.

Average Sale Period

The average sale period measures the average amount of time it takes for a business to convert its inventory into sales.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to customers, typically including material, labor, and overhead expenses.