Provide an Appropriate Response Describe the Distribution of the Data

question 48

Essay

Provide an appropriate response.
-Consider the frequency distribution below, which has single values as classes: $$\begin{array} { c | c } \text { Value } & \text { Frequency } \\\hline 10 & 1 \\11 & 3 \\12 & 7 \\13 & 18 \\14 & 10 \\15 & 4 \\16 & 2 \\17 & 7 \\18 & 16 \\19 & 10 \\20 & 6 \\21 & 2\end{array}$$
Describe the distribution of the data. Use this frequency distribution to create two new frequency distributions for the data, one with four classes of equal width and one with six classes of equal width. Does the frequency distribution with four classes capture the distribution of the data? Does the frequency distribution with six classes capture the distribution of the data? Explain your thinking.

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Definitions:

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and restricted shares.

Shares Authorized

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholder meeting, or the document authorizing the person to vote.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.