Respondents were asked to report the total value of certificates of deposit (CDs) in 2013 dollars held
Question:
Respondents were asked to report the total value of certificates of deposit (CDs) in 2013 dollars held by the household.
a. Try drawing histograms with different numbers of class intervals and different upper limits.
b. What problem do you encounter in drawing a histogram of CDs?
c. Suggest ways of solving the problem of drawing histograms when the range is very large.
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