Consider the Following Frequency Distribution

question 45

Multiple Choice

Consider the following frequency distribution. How many observations are at least 15 but less than 18?

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Living in Poverty

The condition of having insufficient resources or income to meet basic life needs.

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society as a whole.

Price Mechanism

The way in which prices rise and fall as a result of changes in demand and supply, guiding the allocation of resources in a market economy.

External Benefit

A benefit from a good or service that is received by someone not directly involved in the transaction or production of that good or service, also known as a positive externality.