What Is the Order of Steps in the Quantitative Analysis

question 13

Multiple Choice

What is the order of steps in the quantitative analysis of survey data?

• A) inspect/modify data  data processing  bivariate analysis  multivariate testing
• B) inspect/modify data  data processing  multivariate testing  bivariate analysis
• C) data processing  inspect/modify data  bivariate analysis  multivariate testing
• D) data processing  inspect/modify data  multivariate testing  bivariate analysis

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Definitions:

Eliminating The Shortage

Actions or policies aimed at resolving the situation where demand exceeds supply for a good or service, usually by increasing supply or reducing demand to restore market equilibrium.

Surplus Of Product

A situation in which the quantity of a product supplied exceeds the quantity demanded, typically resulting in excess stock.

Equilibrium Level

The condition where the supply and demand in the market are equal, leading to steady prices and quantities.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.