Which of the Following Is a Categorical Variable

question 49

Multiple Choice

Which of the following is a categorical variable?

• A)Air Temperature
• B)Bank Account Balance
• C)Daily Sales in a Store
• D)Whether a Person Has a Traffic Violation
• E)Value of Company Stock

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Lower of Cost

An inventory valuation method requiring inventory to be recorded at the lower of its historical cost or current market value.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced items are the first to be expensed.