What Is a Single Observation About a Specified Characteristic of Interest

question 127

Multiple Choice

What is a single observation about a specified characteristic of interest called?

• A) a datum
• B) an elementary unit
• C) a sample
• D) a univariate data set

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Definitions:

Income Distribution

The way in which total income is shared among the population or different segments of the economy.

Unequal

Lacking equality in size, quantity, or degree; not evenly distributed or balanced.

Lorenz Curve

The Lorenz Curve is a graphical representation of the distribution of income or wealth within a society, indicating the degree of inequality.

Equitable

Fair and impartial treatment, especially in matters of distribution of wealth, opportunities, and privileges within a society.