When Referring to the Height of a Product Mix, It

question 76

True/False

When referring to the height of a product mix, it refers to the number of different items that the company sells within a given product line.

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Definitions:

Frequency

The number of times an event or value occurs in a dataset, often represented in a frequency distribution table or histogram.

Proportion

A mathematical ratio indicating the relationship in quantity, amount, or size between parts of a whole.

Nominal

Pertaining to data that can be categorized but not ranked or ordered; involves naming or labeling attributes.

Ordinal

Pertaining to a scale or series that denotes order but not relative size or degree.