In a Questionnaire, Respondents Are Asked to Mark Their Gender

question 42

Multiple Choice

In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of a

• A)categorical variable
• B)quantitative variable
• C)categorical or quantitative variable, depending on how the respondents answered the question
• D)None of these alternatives is correct.

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Definitions:

Revolving Loan

A type of credit that allows the borrower to withdraw, repay, and redraw funds repeatedly up to a certain credit limit.

Average Balance

A calculation used by financial institutions to determine the average amount of money in an account over a specific period, often used to calculate interest charges or eligibility for benefits.

Portfolio

A collection of investments held by an individual or institution.

Rate of Return

The upward or downward shift in an investment's value over a designated period, quantified as a percentage of its initial value.