Suppose That a Data Set Contains a Variable EDUCATION, Which

question 43

Multiple Choice

Suppose that a data set contains a variable EDUCATION, which has 7 discrete levels. EDUCATION can be represented by ____ binary variables

• A) 6
• B) 7
• C) 8
• D) 9

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Definitions:

Retailers

Businesses that sell goods and services directly to consumers.

Freight Costs

Expenses associated with transporting goods from one place to another, which can include costs for shipping, trucking, or rail transport services.

Operating Expense

Expenses incurred during the normal operations of a business, such as salaries, rent, and utilities, excluding cost of goods sold.

Outgoing Merchandise

Outgoing merchandise refers to inventory that has been sold and is in the process of being shipped to the customer.