The Relative Frequency of an Event Occurring Can Be Calculated

question 22

Short Answer

The relative frequency of an event occurring can be calculated into a rate. For example, if 100 of the 1000 participants have high blood pressure and are smokers and only10 participants have high blood pressure that are nonsmokers, the numbers of 100/1000 and 10/1000 are called the ____________________ rate.

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Definitions:

Revenue

The total income generated from the sale of goods or services related to a company's primary operations.

Damaged Goods

Items that are broken, defective, or otherwise impaired, reducing their usefulness or value.

High-value Users

Individuals or entities that contribute significantly to a company's revenue, often through consistent purchases or use of high-tier services.

Metering Strategy

Approaches used by companies to measure and charge for services based on usage or consumption.