The Three Steps for Constructing a Simple Frequency Distribution Are

question 9

Multiple Choice

The three steps for constructing a simple frequency distribution are

• A) find the observed range, find the interval width, and construct the frequency distribution.
• B) find the real range, count the scores, and construct the frequency distribution.
• C) find the real range, find the interval width, and construct the frequency distribution.
• D) all of these

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Definitions:

Excess Supply

A situation where the quantity of a good or service provided is more than the quantity demanded at a given price.

Interest Rate

The cost, presented as a percentage of the principal amount, incurred by a borrower from a lender for asset use.

Interest-earning Assets

Financial assets that generate income through the payment of interest, such as savings accounts, bonds, and certificates of deposit.

Real GDP

The total value of all goods and services produced in a country in a year, adjusted for inflation.