The BEST Way to Handle Missing Items When Analyzing the Data

question 45

Multiple Choice

The BEST way to handle missing items when analyzing the data is to

• A) leave the item blank and report the number blank as a separate category.
• B) eliminate the case with the missing item in analyses using the variable.
• C) substitute values for the missing item.
• D) eliminate the case from all further analyses.
• E) there is no single best way for handling missing items.

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Definitions:

Activity Variance

The difference between the planned activity level of cost-driving activities and the actual level incurred, impacting the budget or costing analysis.

Materials

Items or substances used in the production or manufacturing of goods.

Personnel Expenses

Costs associated with employing personnel, including wages, benefits, training, and other related expenses.

Spending Variance

A metric that compares the actual cost of production against the budgeted or standard cost, highlighting over or under spending.