Since AssetID Is a Number Identifying Assets in a Fixed

question 25

Multiple Choice

Since AssetID is a number identifying assets in a fixed asset ledger, it would be considered to be __________.

• A) numerical data
• B) categorical data
• C) ratio data
• D) ordinal data

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Definitions:

Regression Line

A straight line that best fits the data points on a scatter plot, showing the relationship between the independent and dependent variables.

Annual Rainfall

The total amount of precipitation, measured in units of length, that falls in a specific area over the course of one year.

Shoreline Erosion

The process by which coastal land is worn away by natural forces such as wave action, currents, or tidal movements.

Least Squares Regression

A statistical method used to fit a regression line through a set of points in such a way that minimizes the sum of the squares of the vertical distances of the points from the line.