Use the Following Dataset to Answer the Following Question -What Is the Unit of Observation?
A) Person-Salary
B) Person

question 19

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | c | } \hline { \text { Name } } & \text { Year } & \text { Salary } & \text { Tenure } & \text { MBA? } \\\hline \text { Drritry Haas } & 2017 & \$ 98,000 & 5 \text { years } & \text { Y } \\\hline \text { Jackie Bay } & 2017 & \$ 83,000 & 3 \text { years } & \mathrm { N } \\\hline \text { Renee Topkis } & 2017 & \$ 77,000 & 12 \text { years } & \mathrm { Y } \\\hline \text { Maria Val } & 2017 & \$ 79,000 & \text { 8years } & \mathrm { N } \\\hline\end{array}$$
-What is the unit of observation?

• A) Person-salary
• B) Person
• C) Person-Tenure
• D) Salary

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Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value, important in investment and financial decision making.

Cash Flows

The total movement of cash and assets akin to cash entering and leaving a business enterprise.

Discount Rate

The interest rate that central banks charge commercial banks for loans, influencing monetary policy and economic conditions.

Monthly Payments

Regular payments made over a period, often used in loans and mortgages, covering interest and principal repayment.