Variables That Take Numeric Values for Which Arithmetic Operations Make

question 26

Multiple Choice

Variables that take numeric values for which arithmetic operations make sense are called _______.

• A)quantitative
• B)categorical
• C)distributions
• D)cases

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Definitions:

Credit Period

The duration during which a buyer can purchase goods or services on credit before payment is due to the seller, often expressed in days.

Percentage Cost

The cost expressed as a percentage of the purchase price or other value, often used to analyze and compare costs or expenses.

Default Rate

This is the rate at which borrowers fail to make payments on their debts, often expressed as a percentage.

Increase in Sales

A rise in the volume or value of products or services sold by a business, indicating potential growth or market expansion.