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TABLE 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.
-Referring to Table 2-5, what is the cumulative relative frequency for the percentage of calls that lasted 10 minutes or more?
Employer
An individual or organization that hires and remunerates individuals to undertake specific roles or jobs, often providing direction and control over the work performed.
Sole Proprietorship
A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.
Corporation
A legal entity recognized by law as separate from its owners, providing limited liability and allowing it to own property, enter contracts, and sue or be sued.
Partnership Agreement
A contract between business partners that outlines the terms, conditions, and responsibilities within the partnership.
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