Marital Status Is an Example of a Categorical Variable

question 20

True/False

Marital status is an example of a categorical variable.

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Definitions:

Grow Amount

A term not widely recognized in finance; the closest concept might be "growth amount," which refers to the increase in value or size of an investment or financial metric over a period.

Simple Annual Interest

Interest calculated once per year on the principal amount only, not on previously earned interest.

Investment Earn

The return or profit made on an investment over a certain period, including interest, dividends, and capital gains.

Interest Earning

Refers to the process by which money accrues interest over time in a savings account or investment.