Addition and Subtraction Are Completely Justified Only When Variables Are

question 10

Multiple Choice

Addition and subtraction are completely justified only when variables are

• A)discrete.
• B)continuous.
• C)ordinal.
• D)interval-ratio.

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Definitions:

Interest

The charge for borrowing money, typically expressed as a percentage of the amount borrowed.

Annuity

A monetary product offering a set sequence of disbursements to a recipient, frequently used to generate income for people who are retired.

Discount Rate

In finance, the interest rate used to discount future cash flows of a financial instrument to present value, reflecting the opportunity cost of capital.

Payments

The act of transferring money or value from one party to another in exchange for goods, services, or to fulfill a legal obligation.