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An agent, at his principal's direction, fixes prices with the principal's competitors.The result is:
Nominal Data
Represents data that can be categorized but not ranked or ordered numerically.
Interval Data
A type of numerical data that has meaningful differences between values and a true zero point.
Ordinal Data
Describes a type of data which is categorized into ordered but not necessarily equally spaced categories.
Null Hypothesis
A statement used in statistics that proposes no significant difference or effect.
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