When Entering a Missing Value, What Needs to Be Considered

question 1

Multiple Choice

When entering a missing value, what needs to be considered?

• A) A number that does not appear in your data set
• B) A number that does appear in your data set
• C) A single-digit number
• D) A number greater than 100

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Definitions:

Maximizing Utility

The process of choosing the most satisfying option among available choices based on preferences and constraints.

Marginal Utility

The augmented utility or contentment a person obtains by consuming an extra unit of a good or service.

Smoothie

A thick, smooth drink made from blended raw fruit, vegetables, and sometimes dairy products, typically served cold.

Price

The amount of money required to purchase a product or service; determined by factors like demand, supply, and production costs.