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The Relative Frequency Is the Frequency in Each Class Divided

question 41

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The relative frequency is the frequency in each class divided by the total number of observations.


Definitions:

Corporate Policies

The rules, guidelines, and procedures established by a company to govern its operations and ensure compliance with legal and ethical standards.

Ethical Culture

The shared values, beliefs, and practices within an organization that influence ethical behavior among its members.

Significant Others

People who have a major impact on one's life, often influencing one's behavior and beliefs.

Work Group

A collection of individuals who collaborate towards achieving a common goal, often characterized by shared responsibilities and interdependence.

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