A frequency distribution is a statistical method for organizing and summarizing data by grouping it into classes and counting the number of observations in each class. It arranges data in an orderly fashion after collection. There are two types: grouped frequency distributions where data is organized into classes, and ungrouped distributions where individual data points are listed in ascending order along with their frequencies. The key components of a frequency distribution include the class, class limits, class mark, class interval, class boundaries, class frequency and tally marks.