Below Is a Histogram for the Number of Days That

question 43

Short Answer

Below is a histogram for the number of days that it took Wyche Accounting to perform audits in the last quarter of last year. What is the relative frequency of the 21-24 bin?
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Definitions:

Equilibrium

An equilibrium state in the market where supply meets demand, stabilizing prices as a consequence.

Aggregate Supply

Aggregate supply constitutes the total supply of goods and services produced within an economy at a given overall price level in a specified time period.

Aggregate Demand

Refers to the total demand for goods and services within an economy at a given overall price level and in a given time period.

Full Employment Level

A situation in which all available labor resources are being used in the most economically efficient way, essentially meaning that unemployment is at the lowest possible level without causing inflation.