Which statement describes quantitative data?

Quantitative data is characterized by its reliance on numerical measures that can be clearly defined and quantified. This type of data allows for objective analysis and can be used to identify patterns, trends, and relationships through statistical techniques. The strength of quantitative data lies in its capacity to provide concrete evidence that can be measured and compared, facilitating informed decision-making.

When analyzing business performance, for instance, metrics such as revenue, profit margins, customer acquisition costs, or hours worked per employee all represent quantitative data. This type of information can be graphically represented and statistically processed, which provides a precise foundation for crafting business strategies and evaluating outcomes effectively. In contrast, subjective opinions, anecdotal evidence, or context-dependent variations do not lend themselves to the same degree of clarity or reliability.