The Best Way to Handle Omitted Responses Is To

question 2

Multiple Choice

The best way to handle omitted responses is to:

• A) determine whether the software used for data entry performs "error edit routines" that identify the wrong type of data.
• B) substitute the missing values with the median of the variable.
• C) leave the data space blank for missing data without any numerical value.
• D) substitute the missing values with the mean of the variable.
• E) check how the data analysis software handles missing data and then determine a course of action.

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Definitions:

Quick Sale

A quick sale refers to the rapid sale of assets, typically real estate, often at a lower price to ensure a fast transaction.

Sale Price

The final price at which an item is sold after any discounts or deductions have been applied.

Invoice

A document issued by a seller to a buyer that lists products or services provided along with the total amount due for payment.

Terms

Conditions and stipulations under which agreements and contracts are made, outlining the obligations of involved parties.