A Disadvantage of Using Grouping (A Frequency Table)with Sample Data

question 75

Multiple Choice

A disadvantage of using grouping (a frequency table) with sample data is that:

• A)Calculations involving central tendency and variation are more complicated than central tendency and variation calculations based on ungrouped data.
• B)The descriptive statistics are less precise than the descriptive statistics obtained using ungrouped data.
• C)The interpretation of the grouped data descriptive statistics is meaningless.
• D)It is much more difficult to summarize the information than it is with the ungrouped data.

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Definitions:

Behavioral Economics

A field of study blending insights from psychology and economics to explore how individuals actually make decisions, often in ways that deviate from rational expectations.

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The process of making choices or selections in a way that is devoid of any pattern, enabling an unbiased outcome.

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A governmental institution authorized to resolve legal disputes.