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In a Grouped Frequency Distribution One Interval Is Listed as 50-59.Assuming

question 5

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In a grouped frequency distribution one interval is listed as 50-59.Assuming that the scores are measuring a continuous variable,what are the real limits of this interval?​


Definitions:

Real GDP

Real GDP refers to the economic output of a country adjusted for price changes, such as inflation or deflation, providing a more accurate measure of economic performance over time.

Nominal Interest Rate

The proportionate rise in funds that the borrower repays to the lender, without considering inflation adjustments.

Money Demand

The desire to hold cash or easily liquidable assets instead of investing or consuming, influenced by interest rates and economic conditions.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

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