Which of the Following Best Describes a Frequency Distribution for Qualitative

question 123

Multiple Choice

Which of the following best describes a frequency distribution for qualitative data?

• A) It groups data into histograms and records the proportion (fraction) of observations in each histogram.
• B) It groups data into categories and records the number of observations in each category.
• C) It groups data into intervals called classes and records the proportion (fraction) of observations in each class.
• D) It groups data into intervals called classes and records the number of observations in each class.

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Definitions:

Least Number

The smallest number in a given set of numbers.

Market Model

A theoretical construct that describes the functioning of a market, including the roles of buyers and sellers and the determination of prices.

Pure Monopoly

A market structure in which a single seller controls all production of a good or service with no close substitutes, leading to high barriers to entry for other firms.

Imperfect Competition

A market structure in which firms have some control over the price of their products, due to factors like product differentiation, fewer sellers, or barriers to entry.