Match the Term with Its Descriptor

question 23

Multiple Choice

Match the term with its descriptor.
-data set which is ordered by the differences between the values are not important

• A)case fatality rates
• B)mortality rates
• C)morbidity rates
• D)discrete data
• E)continuous data
• F)nominal data
• G)ordinal data
• H)interval data
• I)categorical data

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Definitions:

Open Market

A system where buyers and sellers trade freely with minimal governmental restrictions, typically in reference to securities or commodities markets.

Split-off

A point in the production process where multiple products are generated from a common input.

Avoidable Cost

A cost that can be eliminated if a particular business decision is made.

Variable Production Cost

Costs that vary directly with the volume of production, including direct materials and direct labor, and sometimes variable portions of manufacturing overhead.