The Sum of the Frequencies in Any Frequency Distribution Always

question 111

Multiple Choice

The sum of the frequencies in any frequency distribution always equals

• A)the number of observations
• B)1.00
• C)100
• D)the number of variables

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Definitions:

Diminishing Marginal Utility

A principle stating that as a consumer consumes more of a good or service, the satisfaction (utility) gained from each additional unit decreases.

Universal Basic Income

A financial program where a government provides all citizens with a regular, unconditional sum of money, regardless of employment status or wealth.

Household Receives

Refers to the income or goods that a household obtains, which may come from various sources such as wages, investments, or government programs.

Gini Ratios

A measure of income inequality within a population, represented by a value between 0 (perfect equality) and 1 (perfect inequality).