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Suppose That You Have a Data Set of 120 Observations

question 95

Essay

Suppose that you have a data set of 120 observations and the data values range from 36 to 187.What classes would you choose for this data set? Explain why you would choose these values.

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Definitions:

Regression Analysis

A statistical method used to examine the relationship between one dependent variable and one or more independent variables.

Trend Analysis

A forecasting method that extrapolates from historical trends.

Delphi Technique

A method of gathering expert opinions on a subject matter through a series of questionnaires with controlled feedback.

Questionnaires

A set of systematically designed questions aimed at gathering information from respondents for research or assessment purposes.

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