Define Rank

question 26

Essay

Define rank. Explain how to find the rank for data which repeats (for example, the data set: 4, 5, 5, 5, 7, 8, 12, 12, 15, 18).

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Definitions:

Licensee

An individual or business entity that is granted legal permission to use, produce, or sell another's intellectual property under agreed terms.

Royalty

A payment made to an individual or organization for the right to use their intellectual property, such as patents, copyrights, music, or literature.

Contractual Agreement

A legally binding arrangement between two or more parties that outlines the terms and conditions of their relationship or transaction.

Brand Licensing

A legal agreement where a brand owner permits another company to use the brand's name, logo, or product characteristics to manufacture and sell products.