Which of the Following Features of Classification, Used in Excel

question 8

Multiple Choice

Which of the following features of classification, used in Excel, for a particular database will necessarily be coded to a certain value?

• A) categorical variables
• B) non-numerical variables
• C) predictor variables
• D) numerical variables

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Definitions:

Total Revenue

The total income received by a firm from selling its goods or services before any costs or expenses are deducted.

Elastic

Describing a situation in which the supply or demand for a good or service is highly responsive to changes in price.

Elasticity Coefficient

A measure reflecting the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Price Increase

A rise in the cost of goods or services over time.