Twenty Percent of the Population Grouped in Terms of a Range

question 37

Multiple Choice

Twenty percent of the population grouped in terms of a range of income is called a(n)

• A)quint.
• B)quintile.
• C)Gini coefficient.
• D)fifth statistic.
• E)income fifth.

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Definitions:

Product Life Cycle

The evolutionary path a product follows, starting with its market introduction, moving through growth, reaching maturity, and ultimately experiencing decline.

Low-Learning

A situation or condition where minimal learning or skill acquisition occurs, often due to lack of resources, engagement, or inherent interest.

Product Adopters

Individuals who purchase or use a new product early in its life cycle, typically categorized by their willingness to adopt innovations.

Diffusion of Innovation

A theory that describes how, why, and at what rate new ideas and technology spread through cultures, from inception to widespread adoption.