You are about to start your first course in college and have decided to work out a budget for the year.a. What are the advantages of preparing a budget in advance?b. What information do you need to gather to be able to write your budget?
What will be an ideal response?
a. A budget will help you deal with the ups and downs of your finances. It will help prepare you for the world of work. Most of all, a budget provides a sense of security, allowing you to take control of your spending.
b. You will need to know your monthly income and expenditures. To uncover your expenditures, keep track of everything you spend for a week. Also, go through any records you've kept to identify where you've spent money for the last year. You will also need to list each source of income.
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Which one of the following is the best example of a symbolic model?
a. A detective on a television show b. The school principal c. An older brother or sister d. A police officer who lives next door
As a business development manager for a car rental company, you are attempting to conduct a multilevel model of performance of sales people within and across four car showrooms in two different regions, but you keep facing the problem of multicollinearity. How might you solve this?
A. Grand mean centring B. Group mean centring C. Multilevel centring D. Random centring
When readers understand less than what percent of the words in a passage they are likely to loose the meaning of the text?
What will be an ideal response?
Which one of the following is an example of a nominal level of measurement?
a. reaction time of an adult male measured before and after drinking an ounce of alcohol b. a high school senior’s first, second, and third choices of colleges to attend c. estimating the number of red blood cells in a laboratory sample d. classification of psychiatric patients as either “neurotic” or “psychotic”