Which of the Following Statements Is True About Stepwise Discriminant

question 10

Multiple Choice

Which of the following statements is true about stepwise discriminant analysis?

• A)The predictors are entered sequentially based on their ability to discriminate between groups.
• B)The predictor with the highest F ratio is the first to be selected for inclusion in the discriminant function,if it meets certain significance and tolerance criteria.
• C)Each predictor selected is tested for retention based on its association with the other predictors selected.
• D)All of the above statements are true.

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Definitions:

Tolerance for Risk

is the degree to which an individual, investor, or organization is willing to endure uncertainty and potential losses in pursuit of potential gains.

Total Payments

The sum amount of money transferred from one party to another, often referring to the complete payables in transactions, loans, or settlements.

Entrepreneur

An individual who starts and runs a business, assuming the risks and rewards associated with the venture, often innovating and driving economic growth.

Highly Valued Uses

These are applications or purposes for which a resource, product, or service is considered particularly beneficial or desirable, attracting higher willingness to pay.