State Whether the Actual Data Are Discrete or Continuous and Explain

question 53

Multiple Choice

State whether the actual data are discrete or continuous and explain why.
-The temperatures in Manhattan at noon for each New Year's Day

• 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

---

Definitions:

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, respectively.

Discounted Payback Period

The time required to recover an investment's costs, taking the time value of money into account by discounting future cash flows.

Operating Cash Flow

Cash generated from a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.

Accounting Break-even

The point at which total costs and total revenues are equal, meaning the business is not making a profit or loss.