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(i. A table showing the number of observations that have been grouped into each of several classes
Is called a frequency distribution.
(ii. When classes in a frequency table are constructed so that data will fit into only one category, it is
Called mutually exclusive.
(iii) The suggested class interval based on number of observations given the data ranges from 100
To 200 with 50 observations is 20
Giving To Charity
The act of donating money, goods, or time to support those in need or to promote a cause.
Precommitment Device
A strategy or mechanism used to constrain one's future actions or decisions to help achieve a long-term goal or avoid impulsive behavior.
Behavioral Economists
Researchers in economics focusing on how psychological, cognitive, emotional, cultural, and social aspects influence the economic choices made by individuals and institutions.
Availability Heuristic
A mental heuristic that uses the most readily accessible examples in someone's memory to appraise a specific area, concept, technique, or decision-making process.
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