If You Have 32 Data Points, How Many Classes (Bins)

question 28

Multiple Choice

If you have 32 data points, how many classes (bins) would Sturges' Rule suggest?

• A)5
• B)6
• C)7
• D)8

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Definitions:

Seventh Unit

A term that could refer to the incremental unit in a sequence, often used in contexts where items are categorized or measured in units.

Nondiscriminating Monopolist

A monopolist that charges the same price to all consumers for its product, instead of setting different prices for different customers.

Demand Schedule

A chart displaying the amounts of a product or service that buyers are prepared and able to buy at different price levels.

Production Costs

The expenses involved in the process of producing goods or services, including raw materials, labor, and overhead costs.