TABLE 2-16 the Figure Below Is the Ogive for the Amount of Amount

question 187

Multiple Choice

TABLE 2-16
The figure below is the ogive for the amount of fat (in grams) for a sample of 36 pizza products where the upper boundaries of the intervals are: 5, 10, 15, 20, 25, and 30.

-Referring to Table 2-16, what percentage of pizza products contains at least 20 grams of fat?

• A) 5%
• B) 25%
• C) 75%
• D) 96%

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Definitions:

Equivalent Units

An approach utilized in process costing to translate partially finished units into an equivalent number of completely finished units.

First-in

A principle often related to inventory valuation where the earliest goods purchased or produced are the first ones to be sold or used.

Conversion

The process of changing resources into finished products, or converting prospects into customers.

Equivalent Units

A concept used in cost accounting to represent the amount of work done on partially completed goods, expressed in terms of fully completed units.