Instruction 2 -Referring to Instruction 2

question 29

Essay

Instruction 2.8
Given below is the stem-and-leaf display representing the amount of detergent used in litres (with leaves in 10ths of litres) in a month by 25 drive-through car wash operations in Auckland.
$$\begin{array} { | l | l | } \hline \text { Stem } & \text { Leaves } \\\hline 9 & 147 \\\hline 10 & 02238 \\\hline 11 & 135566777 \\\hline 12 & 223489 \\\hline 13 & 02 \\\hline\end{array}$$
-Referring to Instruction 2.8,construct a relative frequency or percentage distribution for the detergent data,using '9.0 but less than 9.9' as the first class.

---

Definitions:

Oligopoly

A market structure characterized by a small number of firms that control the majority of the market share, leading to limited competition.

Prisoner's Dilemma

A scenario in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of the other players, and no player has an incentive to deviate unilaterally.

Oligopoly

A market structure characterized by a few companies dominating the market, often leading to limited competition and higher prices for consumers.