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A Person Has Decided to Construct a Frequency Distribution for a Set

question 78

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A person has decided to construct a frequency distribution for a set of data containing 60 numbers.The lowest number is 23 and the highest number is 68.If 7 classes are used, the class width should be approximately _______.


Definitions:

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Schedule D

Schedule D is a tax form used to report capital gains or losses from the sale of capital assets, including stocks, bonds, and real estate.

Average Cost

A method of calculating the cost of inventories based on the average cost of all similar goods available during the period.

Adjusted Basis

The original cost of a property plus improvements, less any depreciation taken, used in calculating capital gains or losses for tax purposes.

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