What Are Some of the Factors That Will Affect an Employer's

question 30

Essay

What are some of the factors that will affect an employer's ability to endure the economic pain of a strike or lockout?

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Definitions:

Nominal Data

Data categorized into discrete groups or categories without any natural order or ranking among them, such as gender or race.

Nominal Random Variable

A type of random variable that categorizes data without a natural order or ranking among the categories.

Interval Random Variable

This term seems incorrect or unconventional in this context; an "interval variable" is a type of numerical data that’s measured along a scale, and "random variable" pertains to a different statistical concept. NO.

Continuous Random Variable

A variable that can take on an infinite number of values within a given range.