Examlex
Monopolistic competition has at least one similarity to perfect competition: firms are free to enter and leave the industry.
Relative Class Frequency
The proportion of observations within a statistical data class compared to the total number of observations.
Observations
The individual data points or measured instances collected during a study or experiment.
Frequency Distribution
A mathematical function showing the number of instances in which a variable attains each of its possible values.
Relative Frequency Histogram
A type of histogram that displays the relative frequencies, or proportions, of data points within specified intervals.
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