When Data Is Collected Using a Qualitative, Nominal Variable (In

question 1

Multiple Choice

When data is collected using a qualitative, nominal variable (in other words, male or female) , what is true about a frequency distribution that summarizes the data?

• A)The upper and lower class limits must be calculated.
• B)Class midpoints can be computed.
• C)The number of classes corresponds to the number of a variable's values.
• D)The "2 to the k rule" can be applieD.

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Definitions:

Generic Competition Method

A strategy used by companies to compete by offering a product or service that is comparable to a brand-name product but at a lower price.

Product Variant

Different versions of a product that a company offers to meet diverse customer needs or preferences, such as size, color, or features.

Generic Competition

Competition between brands or products that are not differentiated by a patent or specific features, often based solely on price.