The Table Below Provides a Frequency Distribution for the Winner

question 60

Essay

The table below provides a frequency distribution for the winner of the Davis Cup Tennis Competition during the period 1977-1994.
$\begin{array} { l c } \text { Winner of } & \\\text { Davis Cup } & \text { Frequency } \\\hline \text { United States } & 6 \\\text { Germany } & 3 \\\text { Czechoslovakia } & 1 \\\text { Australia } & 3 \\\text { France } & 1 \\\text { Sweden } & 4\end{array}$

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Definitions:

Labor Costs

The total expenses incurred by companies for the payment of wages, benefits, and taxes associated with the employment of labor.

Capital Costs

Expenditures for acquiring fixed assets such as buildings, machinery, and equipment, or the costs associated with improving existing assets.

Marginal Product

The rise in production resulting from one more unit of input.

Price of Labor

The compensation workers receive for their contribution to the production process, often synonymous with wage rate.