What Do We Mean by Centring

question 8

Multiple Choice

What do we mean by centring?

• A)The process of transforming a variable into deviations around a fixed point
• B)Expressing an outcome variable as deviations from the mean of a predictor variable
• C)Calculating the central point of a distribution
• D)Multiplying a variable by the mean of a different variable

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Definitions:

Original Price

The initial cost of a good or service before any discounts, rebates, or price adjustments are applied.

Selling Price

The amount for which a product or service is sold to a customer.

Accurate

Free from errors or mistakes; precise and correct in details.

Cent

The smallest denomination of many currencies, representing 1/100th of the currency's main unit.