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The frequency distribution below was constructed from data collected on the quarts of soft drinks consumed per week by 20 students.
a.Construct a relative frequency distribution.
b.Construct a cumulative frequency distribution.
c.Construct a cumulative relative frequency distribution.
Interest Rate
The percentage of principal charged by the lender for the use of its money.
Budget Constraint
An economic model that outlines the combination of goods and services a consumer can purchase given their income and the prices of those goods and services.
Consumption
is the act of using goods and services to satisfy needs or desires, often discussed in the context of consumer behavior in economics.
Earnings
The amount of money received by an individual or organization in return for labor or services provided, or from investments.
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