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Researchers Can Better Understand the Distribution of a Categorical Variable

question 16

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Researchers can better understand the distribution of a categorical variable by counting the number of individuals or cases in each category .This is referred to as the:


Definitions:

Purely Competitive

A market structure characterized by many sellers offering identical products with no single seller able to influence the market price.

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Quantity Sold

The total number of units of a product or service that have been purchased by consumers during a specific period.

Profit-Maximizing

The method or approach of modifying production and pricing to secure the maximum achievable profit.

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