The Amount of Time Needed to Run the Boston Marathon

question 11

Multiple Choice

The amount of time needed to run the Boston marathon is an example of which type of variable?

• A) continuous
• B) temporal
• C) discrete
• D) qualitative

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Definitions:

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Monthly Incomes

The total amount of income or earnings received during a typical month, often used in financial and socioeconomic studies.

Variances

Measures of the dispersion, indicating how spread out the data points are around the mean.

Accounting

The systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business.