Republic Corporation purchased supplies at a cost of $12,215 during 2012. At January 1, 2012, supplies on hand were $10,312. During the year, the company used $14,000 of supplies. Republic accounting year ends on December 31.
Definitions:
Frequency Distribution
A frequency distribution is an arrangement of data that shows how often each value in a data set occurs.
Frequency Distribution
A representation of data that shows how often each value or range of values occurs.
Sample
A portion of the overall population picked for conducting studies or inquiries in order to collect demographic data.
Frequency Polygon
A graphical representation of the distribution of a dataset that shows how often each value occurs, connecting each data point by straight lines.
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