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What is marginal frequency?
Marginal frequency refers to the total count of occurrences of a particular category or value in a dataset, typically presented in the margins of a frequency table. It shows how many times each category appears without considering the relationship between different categories. For example, in a contingency table, the marginal frequencies for each row and column provide insights into the overall distribution of data. This concept is useful for summarizing data and understanding its overall trends.
How can one determine the profit maximizing output from a table?
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
How do you achieve allocative efficiency?
Allocative efficiency is an output level where the price equals the marginal cost of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.
How can one calculate marginal revenue from a table of data?
To calculate marginal revenue from a table of data, you can find the change in total revenue when the quantity sold increases by one unit. This can be done by comparing the total revenue for two different quantities and dividing the change in total revenue by the change in quantity. The resulting value is the marginal revenue for that specific quantity.
How do you determine marginal distribution?
Marginal distribution is determined by summing or integrating the joint distribution over the other variable(s). For a discrete random variable, this involves adding the probabilities of all outcomes for one variable while ignoring the others. For continuous random variables, it requires integrating the joint probability density function over the range of the other variables. This process provides the probability distribution of a single variable, reflecting its behavior independently of other variables.
What is marginal frequency?
Marginal frequency refers to the total count of occurrences of a particular category or value in a dataset, typically presented in the margins of a frequency table. It shows how many times each category appears without considering the relationship between different categories. For example, in a contingency table, the marginal frequencies for each row and column provide insights into the overall distribution of data. This concept is useful for summarizing data and understanding its overall trends.
What is the contingency table?
A contingency table is a display of the frequency distribution of two or more categorical variables. It shows the relationship between the variables by organizing the data into rows and columns, with the intersection cells showing the frequency of each combination of variables. Contingency tables are commonly used in statistics to analyze the association between categorical variables.
Does determining a conditional distribution for a two-way table consist of calculating percents for either the row or column sums?
Yes. Conditional distribution applies to fractions of rows/columns. Marginal distribution applies to the totals for each row/column
What are the advantages and disadvantages of contingency tables?
What do you mean by multidimensional table? Give examples. Show the nomenclature for three dimensional tables. Describe a three-dimensional contingency table. Describe the procedure for testing the independence of the attributes in a 3-way table.
Is the beta distribution is a special case of dirichlet distribution?
In a sense.Beta distributions are the marginal distributions of the Dirichlet distribution.
Who propounded marginal productivity theory of distribution?
TAUSSIG
Is the degree of freedom for 7x5 contingency table 24?
Yes, it is.
What feature borders the occlusal table of a posterior?
marginal ridges
What gives the probability of each random variable?
The marginal probability distribution function.
How can one determine the profit maximizing output from a table?
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
What feature borders the occlusal table of the posterior tooth?
marginal ridges
What features border the occlusal table of a posterior tooth?
marginal ridges
