In XL Data Analyst,if You Want to Summarize a Categorical

question 7

Multiple Choice

In XL Data Analyst,if you want to summarize a categorical variable,you would select which of the following?

• A)click on XL Data Analyst, Categorical, Percents
• B)click on XL Data Analyst, Summarize, select either Percents or Averages
• C)click on XL Data Analyst, Summarize, select Averages
• D)click on XL Data Analyst, Summarize, select Percents
• E)click on XL Data Analyst, Summarize, select Categorical

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Definitions:

Equilibrium Market Wage

The equilibrium market wage is the wage rate at which the quantity of labor supplied equals the quantity of labor demanded in a given market.

Demand and Supply

Fundamental economic model that describes how prices are determined in a perfectly competitive market depending on the quantity of a good or service desired by consumers (demand) and the quantity available from suppliers (supply).

Bricklayers

Skilled tradespeople who lay bricks to construct brickwork, an essential component in building structures from walls to pathways.

Equilibrium Market Wage Rate

The wage rate at which the quantity of labor firms wish to employ equals the quantity of labor workers wish to supply.