Value times frequency equals product.

Name: Value times frequency equals product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the definition of the formula for calculating the product in statistics. The value refers to the numerical value of each observation or data point, and the frequency refers to how often each value occurs in the dataset. Multiplying the value and frequency gives the contribution of each data point to the overall total, and summing these contributions gives the total product for the dataset.

Value Times Frequency Equals Product