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An Ogive Is a Graph That Plots the Cumulative Frequency

question 79

True/False

An ogive is a graph that plots the cumulative frequency (or the cumulative relative frequency) of each class above the lower limit of the corresponding class.


Definitions:

Inflation Rates

The pace at which overall prices for goods and services climb, diminishing the value of money.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, reflecting the cost of borrowing money.

Future Payment

A payment that is scheduled to be made at a specified date in the future.

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