Which of the Following Is NOT One of the Steps

question 17

Multiple Choice

Which of the following is NOT one of the steps that must happen before data can be analyzed?

• A) Editing the data
• B) Coding the data
• C) Interpreting the data
• D) Building the data file
• E) Cleaning the data

---

Definitions:

Expected Utility

A theory in economics that models how agents choose among risky alternatives to maximize their satisfaction.

Income

Receipts garnered on a habitual basis as a result of engaging in work or investment.

Von Neumann-Morgenstern

A theory of expected utility which provides axioms for how rational individuals make decisions under uncertainty.

Utility Function

A mathematical representation of how different bundles of goods or services are valued by an individual or entity for satisfaction or utility.