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In a statistical study, the random variable X = 1 if the house is colonial, and X = 0 if the house is not colonial. The random variable X is continuous.
Home-Based Business
A business operation that is conducted primarily from the owner's home, often characterized by lower overhead costs and flexible working hours.
Lower Costs
Reduction in the expenditure or price associated with purchasing or producing something.
Greater Visibility
Increased awareness or recognition, often referring to a company's brand, products, or services in the marketplace or amongst consumers.
Isolation
The process or state of being separated from others, which can refer to physical, social, or emotional distancing.
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