In a Simple Frequency Distribution Constructed from the Data 16,16,17,14,19,19,20,20,21,21,16,17,14,the

question 6

Multiple Choice

In a simple frequency distribution constructed from the data 16,16,17,14,19,19,20,20,21,21,16,17,14,the score "16" would have a cumulative frequency of

• A)3
• B)5
• C)13
• D)48

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Definitions:

Gain From Trade

The benefit obtained by countries, organizations, or individuals from engaging in exchange or trade.

Absolute Advantage

The ability of an entity to produce a good or offer a service more efficiently than its competitors when using the same amount of resources.

Absolute Advantage

The capability of an individual, company, or country to produce a good or service at a lower cost per unit than competitors.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity, leading to more efficient trade and production.