Variables whose values are determined by chance are called random variables.
There are two types of variables:
1) Qualitative variables.
2) Quantitative variables.
Qualitative variables are non numeric in nature and do have any particular ordering.
here are some examples of Qualitative variables; Hair color (Black, Brown)
Quantitative variables can assume numeric values and can be classified into two groups:
There are two types of variables:
1) Qualitative variables.
2) Quantitative variables.
Qualitative variables are non numeric in nature and do have any particular ordering.
here are some examples of Qualitative variables; Hair color (Black, Brown)
Quantitative variables can assume numeric values and can be classified into two groups:
- Discrete variables.
- Continuous variables.
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