When Constructing a Graphical Display That Utilizes Categorical Data, Classes

question 35

True/False

When constructing a graphical display that utilizes categorical data, classes that have frequencies of 5 percent or less are usually combined together into a single category.

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Definitions:

Debt

An obligation of repayment owed by one party (the debtor) to a second party (the creditor); in most cases this refers to financial assets being owed.

U.S. Middle Class

A socioeconomic group in the United States characterized by moderate levels of income, educational attainment, and occupational status, often considered the backbone of American society.

Max Weber

A German sociologist, considered one of the founders of sociology, known for his work on rationalization, secularization, and the structure of authority.

Life Chances

The opportunities or probabilities of individuals in society to access valuable resources, achieve wellbeing, and attain social mobility based on their socioeconomic status.