When Using the Histogram Tool in Excel to Construct a Frequency

question 51

True/False

When using the Histogram tool in Excel to construct a frequency distribution and histogram, the bins represent the upper class limits.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced within a country in real terms.

Taxation

The process by which governments charge fees on individual or corporate income, activities, or products to fund government activities.

Expenditures

The total amount spent on goods and services, including both personal consumption and investment by businesses.

Income

Income is the money received, especially on a regular basis, for work or through investments.