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Briefly Describe What a Frequency Distribution Is and How to Construct

question 64

Essay

Briefly describe what a frequency distribution is and how to construct one.


Definitions:

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their needs and wants.

Society Manages

How collective groups of individuals govern, organize, or handle societal functions and resources.

Limited Wants

The concept that the desires or needs of human beings are finite or restricted due to limited resources and time.

Tradeoff

A scenario in which one characteristic or element is forfeited in exchange for acquiring a different characteristic or element.

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