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Distinguish Between Continuous and Categorical Variables and Give an Example

question 45

Essay

Distinguish between continuous and categorical variables and give an example of each.


Definitions:

Franchisor

A company that grants the license to third parties for them to operate a business under the franchisor's brand and business model.

Principal

The original sum of money lent or invested, excluding any profits or interest generated from it.

Commission

A fee paid to an agent in a transaction, typically calculated as a percentage of the sale price.

Car Salesman

A person who sells new or used vehicles at a dealership.

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