What Type of Data Is Measured Numerically and May Be

question 45

Multiple Choice

What type of data is measured numerically and may be used for calculations to further describe their group?

• A) Quantitative data
• B) Ordinal level data
• C) Discrete data
• D) Nominal level data

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Definitions:

Sales

Transactions between buyers and sellers in which the ownership of goods or services is transferred in exchange for money.

Costs

The amount of money that needs to be spent to buy, do, or make something.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Expectations

The beliefs or forecasts about future events affecting economic decisions and behaviors.