Which Is the Best Description of a Frequency Distribution

question 18

Multiple Choice

Which is the best description of a frequency distribution?

• A) the number of times a respondent answers each survey question
• B) depicting the accumulative variance in a dataset
• C) the number of frequencies that normal distributions appear in a dataset
• D) the number of times that each different value appears in a particular set of values
• E) none of the above

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Definitions:

Decreasing-Cost Industry

An industry where the average cost of production decreases as the industry grows and output increases, often due to economies of scale.

Demand Occurs

The moment at which consumers are willing and able to purchase a good or service at a given price.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms in the industry are earning only normal profits, with no incentive for entry or exit.

Inferior Good

A good or service whose consumption declines as income rises, prices held constant.