Looking at Your Data and Frequency Distribution, You Find That

question 40

Multiple Choice

Looking at your data and frequency distribution, you find that a variable labeled LEVEL has only whole number values between 1 and 5. You can conclude that the variable is a(n) :

• A)continuous variable.
• B)interval variable.
• C)ratio variable.
• D)discrete variable.
• E)dichotomous variable.

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Definitions:

Demand Function

A mathematical representation showing the relationship between the quantity demanded of a good and its price.

Pumpkins

A type of squash plant that produces large, round, orange fruits associated with fall and Halloween decorations.

Constant Marginal Cost

A situation where the cost of producing one additional unit of a good remains the same regardless of the level of production.

Cournot Duopolists

Firms in a duopoly market structure who compete on the basis of quantity produced, as modeled by Antoine Cournot.