If You Have a Distribution of 50 Scores and You

question 3

Short Answer

If you have a distribution of 50 scores and you want 5 intervals, what should be the size of your class interval?

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Definitions:

Elastic Segment

A section of the demand curve where consumers are highly responsive to changes in price, indicating elasticity of demand.

Elastic Segment

A portion of the demand curve where consumers are highly responsive to changes in price.

Inelastic Segment

A portion of the market where the demand for a product or service is relatively unresponsive to changes in price.

Barriers to Entry

Factors that prevent or hinder companies from entering a specific market or industry.