The Frequency Distribution Below Was Constructed from Data Collected from a Group

question 38

Essay

The frequency distribution below was constructed from data collected from a group of 25 students. $$\begin{array} { l l } \text { Height (inches) } & \text { Frequency } \\\hline 58 - 63 & 3 \\64 - 69 & 5 \\70 - 75 & 2 \\76 - 81 & 6 \\82 - 87 & 4 \\88 - 93 & 3 \\94 - 99 & 2\end{array}$$ ​
a.
Construct a relative frequency distribution.
b.
Construct a cumulative frequency distribution.
c.
Construct a cumulative relative frequency distribution.

Understand the concepts of fixed, variable, and total costs.

Calculate average fixed costs, total variable costs, and total costs based on given data.

Distinguish between fixed and variable costs and understand their behavior as output changes.

Understand the concepts of marginal cost and how it relates to production decisions.