It Is Often a Good Idea to Convert Frequency Distributions

question 130

True/False

It is often a good idea to convert frequency distributions to relative frequency distributions when you wish to compare two distributions with different amounts of data.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all numbers by the count of numbers.

Investment

The allocation of resources, usually financial, in expectation of generating an income or profit.

Portfolio Expected Return

The weighted average of the expected returns of the assets in an investment portfolio.

Equal Investment

A strategy where equal amounts of capital are allocated to each investment within a portfolio.