Determine Which of the Following Five Variables Are Numerical and Which

question 22

Multiple Choice

Determine which of the following five variables are numerical and which are categorical. age, gender, weight, ethnicity, favorite math class

• A)All of the variables are categorical.
• B)All of the variables are numerical.
• C)Age, weight, and favorite math class are numerical variables.Gender and ethnicity are categorical variables.
• D)Age and weight are numerical variables.Gender, ethnicity, and favorite math class are categorical variables.

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Definitions:

Home Currency Approach

A method of assessing an international investment by converting all foreign currencies involved into the investor’s domestic or "home" currency.

Spot Rate

The ongoing market rate at which a certain currency is available for buying or selling for immediate dispatch.

Unbiased Forward Rate

Theoretically, a forward rate in the currencies market that is equal to the spot rate adjusted for interest rate differentials, without any prediction of future direction.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, often used in the context of foreign exchange or interest rates.