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Provide an appropriate response.
-Consider the frequency table below which has single values as classes:
Construct a new frequency table for this data with 4 classes. Now construct another frequency table for this data with 6
classes. Suppose that you construct a histogram corresponding to the original data and histograms corresponding to
each of the new frequency tables. Describe the shapes of the three histograms. Does the histogram with six classes
capture the distribution of the data? Does the histogram with four classes capture the distribution of the data?
Knowledge-based View
A perspective in strategic management that considers knowledge as the most strategically significant resource of a firm.
Typicality Effect
A cognitive phenomenon where more typical members of a category are processed faster and more efficiently than atypical members.
Expertise
The extensive knowledge or skill in a particular area of study, practice, or interest, obtained from experience and education.
Schematic
Relates to a schematic diagram or representation, often used to simplify and summarize complex information.
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