When Data Is Collected Using a Qualitative, Nominal Variable, What

question 80

Multiple Choice

When data is collected using a qualitative, nominal variable, what is true about a frequency distribution that summarizes the data?

• A) The upper and lower class limits must be calculated.
• B) A pie chart can be used to summarize the data.
• C) The number of classes is equal to the number of variable's values plus 2.
• D) The "5 to the k rule" can be applieD.

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Definitions:

Capacity Analysis Report

A document evaluating the maximum output capabilities of a business and whether current operations are efficiently meeting these levels.

Time-Based Activity-Based Costing

An approach to costing that assigns costs to products or services based on the amount of time needed to perform certain activities, emphasizing the temporal aspect of resource consumption.

Unused Capacity

Refers to the available production or service delivery capabilities that are not currently being utilized by a business.

Testing Prototype

The process of experimenting with a preliminary model of a product to evaluate its performance and identify any necessary adjustments.