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In Order to Assure Prompt Service,the City Metro Routinely Records

question 12

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In order to assure prompt service,the city metro routinely records wait times at its various bus stops.The length of time a customer must wait for a bus is recorded in seconds.What type of data are these?


Definitions:

Economically Equivalent

Economically equivalent means having the same or similar economic effect or value when comparing two or more financial situations or variables.

Economic Value

Refers to the worth of a good or service, as determined by the market or its utility to an individual or business.

Missing Value

An absent data point or piece of information that was not recorded or is unknown in a dataset or equation.

Scheduled Payments

Regular, predetermined payments made over a period of time in relation to debts or loans.

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