The Discrete Quantitative Variable: Number of Employees in an Insurance Company – A Statistical Analysis

Which of the following is a discrete quantitative (numerical) variable? . a) The Dow Jones Industrial average. . b) The volume of water released from a dam. . c) The distance you drove yesterday. . d) The number of employees of an insurance company

The correct answer is d) The number of employees of an insurance company

The correct answer is d) The number of employees of an insurance company.

In statistics, a discrete variable is one that can only take on specific, separate values and cannot be measured on a continuous scale. In this case, the number of employees of an insurance company is a discrete quantitative variable because it can only be a whole number. You cannot have a fractional or continuous value for the number of employees; it is counted in whole units.

More Answers:

Calculating Sample Mean: The Essential Math Concept in Statistics and Data Analysis
Understanding S^2: Exploring the Meaning and Applications of S Squared in Mathematics
Understanding Big O Notation: Explaining O^2 and Quadratic Time Complexity in Mathematics and Computer Science

Error 403 The request cannot be completed because you have exceeded your quota. : quotaExceeded

Share:

Recent Posts