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Question

The table below shows the hypothetical data of annual profit of small scale firms in Karnataka. Identify the type of classification of this data.

Annual profitNo. of firms(In rupees)01,00,00051,00,0002,00,0001002,00,0003,00,00015003,00,0004,00,0007004,00,0005,00,000500

A
Chronological
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B
Qualitative
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C
Spatial
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D
Quantitative
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Solution

The correct option is D Quantitative
The given data is classified based on annual profit. Profit is a quantitative attribute as it can be measured. Hence the given data is a quantitative classification.

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