Assuming You Have Data for a Variable with 2,000 Values,using

question 58

Multiple Choice

Assuming you have data for a variable with 2,000 values,using the 2^k ≥ n guideline,what is the least number of groups that should be used in developing a grouped data frequency distribution?

• A)9
• B)11
• C)13
• D)12

---

Definitions:

Terms

Conditions and arrangements under which agreements and financial deals are made.

Operating Expenses

The costs associated with running a business's day-to-day operations, including rent, utilities, payroll, and raw materials.

Mark-up

The difference between the cost price and selling price of an item, expressed as a percentage of the cost.

Retail Price

The total cost at which a product is sold to the consumer, including overheads, profit margins, and taxes.