The Data Analyst Found That the Introduction of 'Hotel' to His

question 14

Multiple Choice

The data analyst found that the introduction of 'Hotel' to his model altered the log-likelihood from 1798 (the previous model) to 1786. How would you interpret this?

• A) The model containing 'Hotel' makes no difference to the model
• B) The model containing 'Hotel' is a better fit
• C) The model containing 'Hotel' is a poor fit
• D) The model containing 'Hotel' is a moderate fit

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Definitions:

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by both the debtor and creditor.

Unliquidated Debt

A debt that has not been determined or fixed in amount, often because it is subject to a legal dispute or requires a judgment to ascertain its value.

Accord And Satisfaction

A legal settlement where a debtor offers something different than originally agreed upon, and if accepted, the debt is considered settled.

Sufficient Consideration

The concept in contract law that something of value, which is mutually agreed upon by the parties involved, must be exchanged for a contract to be legally binding.