It Is Understandable That Productivity Is Rising Faster in the Service

question 97

True/False

It is understandable that productivity is rising faster in the service sector because service businesses have newer technologies than the manufacturing sector and fewer laborers.
Level of Learning 2: Understanding of concepts and principles

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Definitions:

Positively Skewed

A positively skewed distribution is one where the tail on the right side of the distribution is longer or fatter than the left side, indicating that the mean and median are greater than the mode.

Negatively Skewed

describes a distribution where the tail is longer on the left side, indicating that the bulk of values are toward the higher end.

Observations

Refers to the process of measuring or taking note of phenomena or data, usually as part of a scientific study or research.

Class Intervals

The range of values within which data points are grouped in frequency distribution, helping to organize data for analysis.