Many Researchers Use a Statistical Process to Provide an Educated

question 11

Multiple Choice

Many researchers use a statistical process to provide an educated guess for missing responses in data based on the respondent's choices to other questions.Which method of dealing with missing data does this represent?

• A)impute a missing value
• B)plug in a neutral response
• C)plug in alternative choices for missing data
• D)randomly select an answer

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Definitions:

Marginal Revenue Product

The additional income yielded by deploying one more unit of a component, for instance, labor or capital.

Economic Resource

An asset that is used in the production of goods and services, including natural, human, and capital resources.

Product Price

The monetary value assigned to a good or service for sale.

Total Output

The aggregate amount of goods and services produced by an economy over a specific time period.