Answer: c. microeconomics.
True, you need to know the risk of buying an established business.
Answer:
C. This variable is categorical
Explanation:
A categorical or discrete variable is one that has two or more categories (values). There are two types of categorical variable, nominal and ordinal.
A nominal variable has no intrinsic ordering to its categories. For example, gender is a categorical variable having two categories (male and female) with no intrinsic ordering to the categories.
An ordinal variable has a clear ordering. For example, temperature as a variable with three orderly categories (low, medium and high).
Hence, the variables used in this scenario is an ordinal variable because it has a clear ordering.
Answer: the answer is C deduct $3500 each year.
Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly
Can you imagine yourself doing this for the rest of your life? Is this what I’m truly passionate about? Will I be able to life off this income?
