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Carla's Computer Repair Shop started the year with total assets of $360,000 and total liabilities of $240,000.During the year, the business recorded $600,000 in computer repair revenues, $340,000 in expenses, and the company paid dividends of $60,000.
-The net income reported by Carla's Computer Repair Shop for the year was
Nominal Variables
Categorical data that classify data into distinct categories that do not have an inherent order or ranking.
Cross-Classification Table
A cross-classification table displays the frequency distribution of variables in a table format, facilitating the analysis of the relationship between two or more categorical variables.
Cross-Classification Table
A table used to display the frequency distribution among variables, showing how many times each combination of variable categories occurs.
Relative Frequencies
The proportion of times that a certain event occurs relative to the total number of outcomes.
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