Consider That We Have Nominal Data (Responses Are Categorical)and the Responses

question 2

Multiple Choice

Consider that we have nominal data (responses are categorical) and the responses are "Yes" or "No" to the question: "The next time you order pizza,will you use Domino's?" Which of the following sets of responses shows the MOST variability?

• A)90 percent say "Yes" and 10 percent say "No"
• B)80 percent say "Yes" and 20 percent say "No"
• C)70 percent say "Yes" and 30 percent say "No"
• D)60 percent say "Yes" and 40 percent say "No"
• E)55 percent say "Yes" and 45 percent say "No"

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Definitions:

Semiannual

Happening every six months or twice annually.

Par Value

The nominal or face value of a bond, share of stock, or another security, as stated by the issuer.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as interest payments on debt.

Premium on Bonds

The amount by which the selling or market price of a bond exceeds its face value or par value.