A Person Has Decided to Construct a Frequency Distribution for a Set

question 78

Multiple Choice

A person has decided to construct a frequency distribution for a set of data containing 60 numbers.The lowest number is 23 and the highest number is 68.If 7 classes are used, the class width should be approximately _______.

• A)5
• B)7
• C)9
• D)11
• E)12

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Definitions:

Demand Curve

A chart that illustrates how the quantity of a product demanded is related to its price.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied.

Quantity Supplied

Refers to the amount of a certain good or service that producers are willing and able to sell at a given price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a market.