Historical Records on a Certain Product Indicate the Following Behavior

question 39

Essay

Historical records on a certain product indicate the following behavior for demand. The data represent the number days that the business was open during 2019 (note that it is possible to have more than 365 days as there are multiple store locations). Convert these data into random number intervals.
$$\begin{array} { | r | r | } \hline \text { Demand } & \text { Frequency } \\\hline 17 & 65 \\\hline 18 & 77 \\\hline 19 & 89 \\\hline 20 & 105 \\\hline 21 & 92 \\\hline\end{array}$$

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be written and signed to be enforceable.

Prenuptial Agreements

Legal contracts entered into before marriage detailing the division of assets and financial arrangements in the event of a divorce or death of one spouse.

Writing

The process of expressing thoughts, ideas, or facts in written form.

Secondary Contracts

Agreements that are subsidiary to a primary contract, often detailing additional terms, conditions, or obligations not covered in the main contract.