What Is a Multichotomous Variable

question 1

Multiple Choice

What is a multichotomous variable?

• A) a numeric variable with multiple decimals
• B) a categorical variable with one or more categories
• C) an interval variable with one or more values
• D) a categorical variable with two or more categories

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Definitions:

Dispute Resolution

A process or methods used to resolve conflicts or disputes between parties, including negotiation, mediation, arbitration, or legal proceedings.

Ownership

The legal right or title to an asset or property, granting the owner control and decision-making powers over it.

Arbitration

A form of alternative dispute resolution where a neutral third party hears evidence from the disputants and makes a decision that can be binding.

Traditional Litigation

The process of resolving disputes by bringing them to court, as opposed to alternative dispute resolution methods.