Explain How You Would Determine If a Variable Is an Explanatory

question 35

Essay

Explain how you would determine if a variable is an explanatory variable or anextraneous variable?
Again, you may use an example to support your answer but notas a substitute for an explanation.

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Definitions:

Federal Exemptions

Protections and privileges granted under federal law, often in bankruptcy, that allow individuals to retain certain assets from creditors.

Residence

A place where an individual lives or has their home.

Home Equity

The portion of a homeowner's property value that exceeds the outstanding balance of all liens on the property.

Preferential Payment

A payment made by a debtor to a creditor before a bankruptcy filing that gives the creditor more than it would receive in the debtor's bankruptcy.