Classification Analysis Attempts to Find Variables That Are Related to a Quantitative

question 13

True/False

Classification analysis attempts to find variables that are related to a quantitative variable.

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Definitions:

Income Distribution

The way in which a country's total economic output is divided among its population, or the share of national income earned by each quintile or group of the population.

Bottom Fifth

A term often used in income distribution to refer to the lowest 20% of income earners in a given population.

Top Fifth

Typically refers to the highest 20% of earners or performers in a given distribution, often used in discussions of income inequality.

Income Equality

Income equality refers to a situation where earnings are distributed evenly across the population, minimizing disparities between the richest and poorest individuals.