Determine Whether the Given Value Is a Discrete or Continuous

question 141

Multiple Choice

Determine whether the given value is a discrete or continuous variable. People are asked to state how many times in the last month they visited their family doctor.

• A) Discrete
• B) Continuous

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Definitions:

Break-Even Point

The point at which total costs equal total revenue, meaning a business neither makes a profit nor incurs a loss.

Sales Units

The total number of units of a product sold during a specific period.

Break-Even Point

The production level or sales volume at which total revenues equal total costs, resulting in neither profit nor loss.

Margin of Safety

The difference between actual sales and the break-even point, indicating the level of risk in not covering fixed costs.