Coding Males as 1 and Females as 0 in a Data

question 31

Multiple Choice

Coding males as 1 and females as 0 in a data set illustrates the use of _____ variables.

• A)nominal
• B)dummy
• C)numerical
• D)ordinal

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Definitions:

Product Life Cycle

The progression of a product from its introduction and growth stages, to maturity, and finally a decline phase in the market.

Financial Resources

The capital used by an organization or individual to support its operations and objectives.

Management Resources

Assets, both human and material, that are utilized in the planning, directing, and controlling of an organization.

Future Worth

The projected value of an investment or project, typically calculated using estimates of future cash flows and discount rates.