A Tabular Summary of a Set of Data Showing the Proportion

question 91

Multiple Choice

A tabular summary of a set of data showing the proportion of the total number of items in several non-overlapping classes is a:

• A)frequency distribution
• B)relative frequency distribution
• C)skewed frequency distribution
• D)cumulative frequency distribution
• E)none of the above

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Definitions:

Slope

A measure of the steepness or inclination of a line, indicating the change in the vertical axis relative to the change in the horizontal axis.

Consumer

A consumer is an individual or group who purchases goods and services for personal use from the market, contributing to demand.

Budget Constraints

The limitations on the consumption bundles that a consumer can afford with a limited income.

Indifference Curves

Graphical representations used in economics to show combinations of two goods that give a consumer equal satisfaction and utility, illustrating their preferences.