The Is a Formal Statistical Measure for Categorical Data, Such

question 25

Multiple Choice

The is a formal statistical measure for categorical data, such as defects or errors in quality control applications or consumer preferences in market research.

• A) variance
• B) proportion
• C) mean
• D) skewness

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Definitions:

Equal Slices

A method of dividing or allocating resources, goods, or profits evenly among all parties or members.

Corporate Stock Holdings

The shares of a corporation held by an individual, group, or another corporation, representing ownership interests.

Household Income

The total pre-tax earnings received by members of a household from all sources in a given period.

Greater Inequality

This term refers to an increasing gap between the wealthiest and the poorest portions of a population, which can impact socio-economic stability.