Author Question: Categorical data a. indicate either how much or how many. b. cannot be numeric c. are labels ... (Read 93 times)

jjjetplane · **on:** Jun 24, 2018

Categorical data
a. indicate either how much or how many.
b. cannot be numeric
c. are labels used to identify attributes of elements.
d. must be nonnumeric.

Question 2

A sequence of decisions and chance outcomes that provide the optimal solution to a decision problem is called
a. a payoff table
b. the expected value approach
c. a decision strategy
d. a contingency plan