A Variable That Is Related to Either the Response Variable

question 17

Multiple Choice

A variable that is related to either the response variable or the predictor variable or both, but which is excludedfrom the analysis is a

• A) lurking variable.
• B) random variable.
• C) discrete variable.
• D) qualitative variable.

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Definitions:

Equality

A state of being equal, especially in status, rights, and opportunities.

Income Redistribution

A policy or process aimed at adjusting the distribution of income among a population to reduce inequality.

Economics

The social science concerned with the production, distribution, and consumption of goods and services, and the analysis of the choices people make to satisfy their needs.

Scarcity

The fundamental economic problem of having seemingly limitless human wants in a world with limited resources.