To Determine the Width of Class Interval, Divide the Number

question 2

True/False

To determine the width of class interval, divide the number of class groups by the range of the data.

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Definitions:

U.S. Market

The economic environment for buying and selling goods and services within the United States, encompassing all activities of production, promotion, and distribution.

Import Quota

A government-imposed limit on the quantity of a particular commodity that can be imported into a country over a specified period of time, used to protect domestic industries.

Domestic Producer

A company or individual that manufactures goods within their home country.

Foreign Producer

A company that produces goods or provides services in a country other than the one where the company is based.