Question

What is cumulative frequency curve in business research?

Answer 1

A cumulative frequency graph is type of visual representation comprising of ranked categorical data. The graph shows the distribution of all the grouped data and shows which data fall into the probability or likelihood of a possible event or which will fall below the frequency distribution levels.

The graph can be plotted according to the needs of the company like a time-based graph or a space-dependent graph.

Answer 2

Explanation:

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A curve that represents the cumulative frequency distribution of grouped data on a graph is called a Cumulative Frequency Curve or an Ogive.