When You Begin Working with a New Data Set,you Should

question 21

Multiple Choice

When you begin working with a new data set,you should

• A)know exactly which procedures you intend to use.
• B)expect that each of the procedures discussed will give you exactly the same information.
• C)be willing to explore your data using different procedures.
• D)conduct every procedure every time.

---

Definitions:

Obligations

Duties or responsibilities imposed legally or socially, requiring a person or entity to act or refrain from acting in a certain manner.

Compounded Monthly

Interest on a loan or investment calculated each month and added to the balance, so future interest accrues on a larger total.

Savings

Money set aside for future use rather than spending immediately.

Lump Sum

A single payment made at a particular time, as opposed to several smaller payments.