The distribution of income is an example of frequency distribution
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The distribution of income is an example of frequency distribution because statistical indicators of the number of people who make or get different amounts of money.
- A representation of the number of observations inside a specific interval, either graphically or tabulated, is called a frequency distribution.
- The interval size is determined by the data being examined and the analyst's objectives. The intervals must be thorough and exclusive of one another.
- The distribution of income is just a statistical indicator of the number of people who make or get different amounts of money.
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