Match the Following Aggregate Functions with What They Compute

question 5

Essay

Match the following aggregate functions with what they compute:
I. Avg
II. Sum
III. Count
IV. Min
V. Max
A. Counts the number of values in a column
B. Average of a column
C. Returns the lowest value
D. Returns the highest value
E. Totals the items in a column

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Definitions:

Mixed Economy

A system where both private enterprise and government intervention coexist in the economic sphere, facilitating a balance between free market principles and social welfare.

Invisible Hand

A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions in a free market.

Price Mechanism

The process by which the forces of supply and demand determine the prices of goods and services in a market economy.

Equity

The value of ownership interest in a company, typically represented by shares of stock.