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:

Equal Amount

A quantity that is the same in size, number, or value when compared to another.

Compounded Quarterly

The process of calculating and adding interest to a principal sum four times a year, leading to compound growth in the interest amount.

Future Value

The projected value of an investment at a future point in time, factoring in specifics like interest rates and compounding periods.

Quarterly

Pertaining to or occurring every quarter, a three-month period, often used in financial and business reporting.