A Relational Database Stores Data in Objects

question 3

True/False

A relational database stores data in objects.

Comprehend the book-closing process and its terminologies.

Identify and classify items on the balance sheet, particularly current liabilities, assets, and equity.

Analyze the impact of changes in COGS and other variables on net income and taxes.

Understand the calculation and implications of dividends, retained earnings, and their relation to net income.

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Definitions:

Categorical Data

Data that fit into distinct categories such as zip code or academic major.

Continuous Data

Data with incremental values between the minimum and maximum. For example, age can have values of years, months, weeks, days, hours, minutes, or seconds.

Frequencies

The counts or occurrences of specific events or characteristics in a set of data.

Central Tendency

A statistical measure that identifies a single value as representative of the middle of a dataset, commonly by using the mean, median, or mode.