State Whether the Actual Data Are Discrete or Continuous and Explain

question 130

Multiple Choice

State whether the actual data are discrete or continuous and explain why.
-The count of cars passing a certain intersection for each day of the week

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

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Definitions:

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a certain age, often associated with receiving pension or retirement benefits.

Interest Payment

The amount paid by a borrower to a lender as compensation for the use of borrowed money.

Semiannual Interest

Interest that is calculated and paid twice a year, commonly used in bonds and other fixed-income investments.

Par Value

The nominal or face value of a stock or bond, representing the minimum price at which the security can be sold upon its initial offering and having legal ramifications.