What type of values can be assigned using SAS formats?

The correct answer reflects that SAS formats can be applied to both character and numeric values. Formats in SAS are used to control how data is displayed, allowing for enhanced readability and interpretation. For numeric values, formats can specify how many decimal places to display, apply currency symbols, or represent numbers as percentages. On the other hand, character values can be formatted to specify how they appear in terms of length, style, or other visual attributes.

This dual capability makes formats a powerful tool for presenting data effectively, permitting SAS to accommodate various types of analyses and reports. Thus, using formats can significantly improve the clarity and presentation of datasets that contain either type of value.