A Consumer Reports Study on Tipping Takes into Consideration Median

question 1

Multiple Choice

A Consumer Reports study on tipping takes into consideration median amount of tipping for service providers.Tipping ______________________________ .

• A)is a nominal variable
• B)is a categorical variable
• C)is a quantitative variable
• D)is an ordinal variable
• E)is an irrelevant variable

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Definitions:

Sales Collection

The process of receiving payments from customers for goods or services sold.

Month Of Sale

The specific month in which a sale is recognized or recorded in financial statements, often important for reporting and analysis purposes.

Budgeted Unit Sales

The projected quantity of units that a company plans to sell within a specific period, as part of its financial and operational planning.

Cash Collections

The process of receiving and processing payments from customers, typically involving invoices and receipts.