If Several Frequency Distributions Are Constructed from the Same Data

question 49

Multiple Choice

If several frequency distributions are constructed from the same data set, the distribution with the widest class width will have the _____.

• A) fewest classes
• B) most classes
• C) same number of classes as the other distributions since all are constructed from the same data
• D) None of the answers is correct.

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Definitions:

Input

Resources (such as labor, materials, and capital) used in the production process to create goods or services.

Marginal Resource Cost

The additional cost incurred by a firm for using one more unit of input, like labor or raw materials.

Labor

The effort by workers to produce goods or services, typically measured in terms of hours worked or output produced.

Additional Unit

Refers to the next unit of a product or service to be produced or consumed, considered in analysis of costs and benefits.