The Periodic Adjustment of Benefits or Wages That Takes into Account

question 7

Multiple Choice

The periodic adjustment of benefits or wages that takes into account the increased cost of living is called

• A)means testing.
• B)indexing.
• C)graphing.
• D)economic tabulating.

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Definitions:

Frequency Distribution

A table or graph that displays the frequency of various outcomes in a sample.

Relative Frequency

The proportion of times a particular value or category appears in a dataset relative to the total number of observations.

Crosstabulation

A tabular summary of data for two variables. The classes for one variable are represented by the rows; the classes for the other variable are represented by the columns.

Variables

Elements, characteristics, or attributes that can take on different values and are used in scientific research or statistical analysis.