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Solve the problem.
-Consider the frequency distribution below, which has single values as classes: Construct a new frequency distribution for this data with 4 classes. Now, construct another frequency distribution 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 distributions. 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?
Production Budget
A Production Budget is an estimate of the number of units that must be manufactured to meet sales goals and, therefore, it details the cost of raw materials, labor, and other resources necessary for production.
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Units
Measurements or quantities of a product, item, or component, often used in inventory and production management.
Assumptions And Predictions
The process of making educated guesses or hypotheses about future events based on current or past information.
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