Table 13-5 -Refer to Table 13-5. the Marginal Product of the Fourth

question 294

Multiple Choice

Table 13-5
-Refer to Table 13-5. The marginal product of the fourth worker is

• A)9,000 units.
• B)8,000 units.
• C)7,000 units.
• D)5,000 units.

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Definitions:

Cross-tabs

Short for cross-tabulation, a method used in statistics to analyze categorical data by creating a matrix that displays the frequency distribution of variables.

Categorical Data

Information that is divided into groups or categories which are mutually exclusive and cannot be ordered or ranked.

Categorical Data

Refers to data types that represent categories - they can be names, labels, or numbers that identify into which of several categories each data point falls.

Pivot Tables

A data summarization tool found in data visualization programs such as Excel, which can automatically sort, count, and total the data stored in one table or spreadsheet and create a second table displaying the summarized data.