The Following Figures Represent Latisha's Monthly Charges (In $)For Long $\begin{array} { r r r r } 7.12 & 10.40 & 14.70 & 18.24 \\ 10.48 & 16.47 & 7.53 & 15.45 \\ 13.04 & 15.48 & 13.33 & 12.56 \end{array}$

question 53

Essay

The following figures represent Latisha's monthly charges (in $)for long distance telephone
calls for the past twelve months.
$\begin{array} { r r r r } 7.12 & 10.40 & 14.70 & 18.24 \\ 10.48 & 16.47 & 7.53 & 15.45 \\ 13.04 & 15.48 & 13.33 & 12.56 \end{array}$
Construct a frequency distribution with four classes.
$\begin{array}{l|l} \text { Charges \$} & \text { Frequency } \\ \hline \text { } & \text { } \\\end{array}$

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Definitions:

Trade

The exchange of goods and services between individuals or entities, often in different countries or economies.

Production Possibilities

The various combinations of goods and services an economy can produce given its available resources and technology.

Opportunity Cost

The price paid for not selecting the second-best choice when deciding between options.

Rancher

An individual who owns or manages a large farm, especially one used for raising cattle, sheep, or other livestock.