You Are Helping Code One of Your Professor's Data

question 31

Multiple Choice

You are helping code one of your professor's data. You are coding occupation and notice that there is no code for a respondent's indicated occupation. Which of the following statements would be correct in relating the problem to the professor?

• A)The coding scheme for occupation is not mutually exclusive.
• B)The lack of a code for this particular occupation signals a mismatch between the data and the coding scheme.
• C)The coding scheme for occupation is exhaustive.
• D)The coding scheme is not a good scheme.
• E)The lack of a code for this particular occupation means that the response should be thrown out.

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Definitions:

Payback Period

The duration of time it takes for an investment to generate enough revenue to recover the initial cost of the investment.

Profitability Index

A measure used in capital budgeting to evaluate the profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.