Which of the Following Is the Best Approach to Code

question 23

Multiple Choice

Which of the following is the best approach to code the missing values in a data set?​

• A)​Indicate missing values with nonnumeric characters.
• B)​Set any numerical codes for missing values to some other character.
• C)​Enter 999 or -1 as the missing values.
• D)​Do not enter any value.

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Definitions:

Variable Costs

Costs that change in proportion to the level of activity or volume of goods produced in a business.

Unit Contribution Margin

The dollars available from each unit of sales to cover fixed costs and provide operating profits.

Fixed Costs

Expenses that do not change with the level of production or sales over the short term, such as rent and salaries.