In Constructing a Frequency Distribution,you Should Try to Have Open-Ended

question 13

True/False

In constructing a frequency distribution,you should try to have open-ended classes such as "Under $100" and "$1,000 and over".

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Definitions:

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, based on the number of shares they own.

Report Income

The act of documenting and declaring earned income within a specific period for tax and accounting purposes.

Cash Surrender Value

The amount of cash that an insurance policyholder can receive upon cancelling the policy before its maturity or an insured event occurs.

Insurance Policy

A contract between an insurance policyholder and an insurer, outlining the claims which the insurer is legally required to pay in exchange for an initial payment, known as a premium.