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An advocacy group is investigating whether gender has an effect on job category in large investment firms. Given the results shown in the table below, which of the
Following statements is true about gender and job category?
Transitivity
Transitivity in decision-making implies that if a person prefers option A over B, and B over C, then the person should also prefer A over C, forming a consistent order of preferences.
Completeness
In decision theory, the idea that every set of choices can be ranked in an order of preference, allowing for a consistent choice under different scenarios.
Indifference Curve
A graph representing combinations of goods among which a consumer is indifferent, reflecting their preferences and utility.
Utility
In economics, the satisfaction or benefit derived by consuming a product or service; a measure of preferences over some set of goods and services.
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