The Summary of the Percent of Times Each and Every

question 52

Multiple Choice

The summary of the percent of times each and every category appears for the entire sample is called the:

• A)mode
• B)mean
• C)categorical percentage rate
• D)percentage distribution
• E)frequency distribution

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Definitions:

Robinson-Patman Act

A United States federal law aimed at protecting small businesses from predatory pricing practices by larger competitors and preventing price discrimination.

Discriminate in Prices

The practice of charging different prices to different consumers for the same product or service, based on various factors such as willingness to pay, location, or purchase volume.

Unlawful

Actions or conduct that are not permitted by law and could lead to legal penalties.

Fair Trade Act

Legislation aimed at ensuring producers in developing countries are paid fair prices for their goods.