TABLE 2-14 Given Below Is the Stem-And-Leaf Display Representing the Amount of Amount

question 87

Short Answer

TABLE 2-14
Given below is the stem-and-leaf display representing the amount of detergent used in gallons (with leaves in 10ths of gallons) in a month by 25 drive-through car wash operations in Phoenix.

-Referring to Table 2-14, if a frequency distribution for the amount of detergent used is constructed, using "9.0 but less than 10.0 gallons" as the first class, the frequency of the "11.0 but less than 12.0 gallons" class would be ________.

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Definitions:

Break-Even Point

The juncture where the cumulative expenses equal total income, yielding neither a profit nor a loss.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes towards covering fixed costs and generating profit.

Break-Even Sales

The amount of revenue from sales that equals the sum of the fixed and variable costs of production, resulting in zero net profit or loss.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range.