7
QuizMultiple Choice

Living Space Data — Quiz

Question 7 • Financial Algebra/Mathematics

Which example is a categorical variable?

Answer
A
amount of electricity used
B
monthly savings
C
cost of rent
D
type of utility

Explanation

A categorical variable describes a group or label rather than a measured amount. “Type of utility” names categories such as water, electricity, or gas. Amount of electricity used, cost of rent, and monthly savings are numerical quantities.

AI-written and checked against the verified answer.

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