Data Cleaning Follows Data Input, Which Follows Data Coding

question 15

True/False

Data cleaning follows data input, which follows data coding.

Recognize revenue correctly in bundled sales transactions.

Calculate realized gross profit on installment sales.

Understand the concept of break-even point in units and dollars.

Apply the break-even analysis to different sales mixes and product scenarios.

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Definitions:

Criterion-Related Validity

The extent to which a test's scores are correlated with an independent measure or outcome relevant to the intended use of the test.

Objective Criterion

A measurable factor that serves as a basis for decision-making or evaluation, not influenced by personal feelings, interpretations, or prejudice.

Disparate-Impact Cases

Legal cases that deal with practices that adversely affect one group of people more than another, even if the practices are formally neutral.

Unintentional Discrimination

A situation where policies, practices, or actions result in unequal outcomes for different groups without the intent to discriminate.