The End Product of the Coding Process in Quantitative Analysis

question 10

Multiple Choice

The end product of the coding process in quantitative analysis refers to:

• A)the conversion of data items into numerical codes.
• B)the conversion of an attribute to a variable.
• C)the assignment of a number or numeral to each questionnaire item.
• D)the transfer of variables to the computer.
• E)the assignment of a variable to a computer column.

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Definitions:

Subjective Probabilities

Individual assessments or beliefs about the likelihood of future events, based on personal judgment rather than objective data.

Microeconomic Analysis

The examination of the economic behavior of individuals, households, and firms, focusing on market mechanisms and the determination of prices and quantities in specific markets.

Marginal Utility

The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.

Expected Income

Expected income refers to the amount of money an individual or entity anticipates earning over a specific period, taking into account various factors like job stability, market conditions, and investments.