(a) Make a frequency distribution and histogram (using appropriate bins) for these 28 observations on the amount...

Question:

(a) Make a frequency and histogram (using appropriate bins) for these 28 observations on the amount spent for dinner for four in downtown Chicago on Friday night.
(b) Repeat the exercise, using a different number of bins. Which is preferred? Why?

(a) Make a frequency distribution and histogram (using appropriate bins)

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...