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If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
Frequency Distribution
A summary of how often different values occur within a dataset, usually presented in a table or graphical format.
Hair Color
An attribute or variable often studied in genetics or sociology, reflecting the pigment of hair on individuals.
Sample
A segment of the broader population selected for analysis, assessment, or interrogation to obtain information that reflects the characteristics of the entire population.
Nominal
Relating to data that can be categorized but not ranked; involves naming or labeling categories.
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