Frequency Distributions Can Only Be Used with Categorical Data

question 3

True/False

Frequency distributions can only be used with categorical data.

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Definitions:

Promotion

Marketing strategies and tactics used to increase awareness, interest, and sales of a product or service.

Marginal Subcontracting Cost

The additional cost incurred by hiring a subcontractor to produce one more unit of a good or service.

Layoff Cost

The expenses associated with terminating employees, including severance pay, legal fees, and potential impacts on remaining staff’s morale and productivity.

Hiring And Training Cost

Involves the expenses incurred during the recruitment and development of new employees, encompassing advertising, interviewing, onboarding, and educational programs.