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:

Beliefs

Deeply held convictions or acceptances that something is true or exists, significantly influencing behavior and outlook.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of goods.

Government Imposes

Government Imposes refers to the actions taken by a government to enforce regulations, taxes, or sanctions with the intention of influencing economic or social outcomes.

Tax

Compulsory financial charges imposed by a government to fund public expenditures, without direct benefit or return to the taxpayer.