A Dichotomous Variable Is One That Has Only Two Values

question 20

True/False

A dichotomous variable is one that has only two values.

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Definitions:

Association of Financial Professionals

A professional organization dedicated to advancing the finance profession by providing members with networking opportunities, resources, and training.

Cloud-Based Companies

Businesses that offer services hosted over the internet, eliminating the need for local storage or computing resources.

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Digital Money

Electronic alternatives to traditional paper money, such as cryptocurrencies or digital currencies, used for transactions over digital platforms.