Suppose That There Are 3 Variables in a Data Set

question 95

Multiple Choice

Suppose that there are 3 variables in a data set. Approximately how many data records are required using a rule of thumb discussed in the textbook?

• A) 30 to 45
• B) 20 to 30
• C) 45 to 60
• D) 50 to 100

---

Definitions:

Political Entity

Refers to any organization that holds a set of political powers and responsibilities, such as a nation, state, or government.

Sovereignty

The supreme authority within a territory, allowing it to govern itself or make decisions independently.

Inflation Rate

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Currency Gain

Currency gain occurs when the value of one's foreign currency holdings increases due to exchange rate fluctuations, resulting in a higher value when converted.