Quantitative Variables

Definition

Quantitative variables are numerical measurements that represent quantities or amounts.

Analogy

Think about your bank account balance. It's represented by numbers indicating how much money you have. These numbers can be added, subtracted, or compared to see the differences in amounts. Similarly, quantitative variables in statistics are like numerical measurements that can be manipulated mathematically.

Related terms

Continuous variables: Quantitative variables that can take any value within a certain range or interval.

Discrete variables: Quantitative variables that can only take specific values and cannot be divided into smaller units.

Measures of central tendency: Statistical measures used to describe the center or average of a distribution, such as mean, median, and mode.