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Commuting to work The table shows how a company's employees commute to work.
a. What is the marginal distribution (in %) of mode of transportation? Car Bus _ Train
b. What is the conditional distribution (in %) of mode of transportation for management? Car Bus Train
c. What kind of display would you use to show the association between job class and mode of transportation? (Just name a graph.)
d. Do job classification and mode of transportation appear to be independent? Give statistical evidence to support your conclusion.
Rent Controls
Government-imposed limits on the amount landlords can charge for leasing residential properties to ensure affordable housing.
Secondary Effects
The indirect impacts of an economic event, policy, or decision that may occur as a consequence of the primary effect, affecting different sectors or parts of the economy.
Economics
The social science that studies how individuals, governments, and societies make choices regarding the allocation of limited resources to satisfy unlimited wants.
Nobel Prize
Prestigious international awards granted annually in several categories including Physics, Chemistry, Medicine, Literature, and Peace, recognizing significant contributions to humanity.
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