Most business data is in the form of _____.
A) numbers
B) statistics
C) verbal information
D) qualitative descriptors
E) modes

Question

Quizplus · Accepted Answer

Most business data is quantitative in nature and can be represented in the form of numbers such as sales figures, profit margins, and customer counts. While some qualitative descriptors may also be present in the data, they are often accompanied by numerical data to provide context and meaning. Statistics may also be used to analyze and interpret numerical business data, but the data itself is predominantly numerical. Verbal information may be present in written reports or customer feedback, but it must be converted into numerical form to be analyzed and used in decision-making. Modes refer to the most frequently occurring value in a data set and are not a form of business data.

Most Business Data Is in the Form of _____