A List of Intervals Followed by a List of Frequencies

question 3

Multiple Choice

A list of intervals followed by a list of frequencies is referred to as a:

• A) frequency histogram.
• B) range.
• C) cumulative frequency distribution.
• D) frequency distribution.

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Definitions:

Consumption

The process or activity of using goods and services to satisfy personal or collective wants or needs.

Wage Rate

The standard amount of pay given for work performed, typically expressed per hour, day, or unit of work.

Labor Income

The compensation received by individuals for their work efforts, often in the form of wages, salaries, or other earnings.

Lump Sum Payment

A large single payment made at a particular time, especially in the context of paying off a loan or settling a deal.