A Model That Uses Temperature,season of the Year (Fall,winter,spring,summer),and Whether

question 8

Multiple Choice

A model that uses temperature,season of the year (fall,winter,spring,summer) ,and whether or not it is a weekend,to predict the # of customers for the day would include how many independent variables

• A) 3 
• B) 5 
• C) 6 
• D) 7

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Definitions:

Economic Wants

Desires for goods and services that can be satisfied through market transactions or consumption, including basic needs and luxuries.

Unlimited Resources

A hypothetical situation where resources available for use are infinite, eliminating constraints on usage or production.

Recurring Theme

A motif or subject that appears repeatedly throughout a work of literature, music, or art, emphasizing a particular idea or message.

Positive Statement

An objective statement based on facts and evidence that can be tested and verified, focusing on describing "what is".