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.

Identify the factors that influence economic decisions and behaviors, including marginal analysis and opportunity costs.

Understand the basic economic problem of scarcity and how it requires choices that entail opportunity costs.

Describe the functions of entrepreneurs in the economy and differentiate between various economic resources.

Distinguish between macroeconomics and microeconomics and their areas of study.

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