What type of data is the projected return on an investment?
A. qualitative
B. continuous
C. attribute
D. discrete
E. none of the above
continuous
continuos
continuous
E. none of the above, it's more of a "finger-crossed" type of data.
To determine the type of data for the projected return on an investment, we need to understand the different types of data.
A. Qualitative data refers to non-numerical information or descriptions. For example, if we were assessing the risk level of an investment, qualitative data could include categories like low, medium, or high risk. However, the projected return on an investment is typically expressed as a numerical value, so it is not qualitative data.
B. Continuous data is a type of numerical data that can take any value within a specific range. It includes measurements like height or weight, which can have decimal places. The projected return on an investment is usually expressed as a percentage or a decimal value, so it can be considered as continuous data.
C. Attribute data, also known as categorical data, includes variables that can be divided into distinct categories or groups. Examples include gender (male or female) or grade level (freshman, sophomore, etc.). The projected return on an investment is not attribute data, as it does not fall into specific categories.
D. Discrete data refers to numerical data that can only take certain values and does not have decimals. Examples include the number of children in a family or the number of cars in a parking lot. The projected return on an investment is typically calculated as a percentage or an exact numeric value, so it does not fit the definition of discrete data.
Therefore, the correct answer is E. None of the above. The projected return on an investment is best classified as continuous data.