Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc The Cumulative Frequency of the Second Class Interval Is _________

question 91

Multiple Choice

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system and orders an inspection of "each and every payroll voucher issued since January 1, 2000." Each payroll voucher was inspected and the following frequency distribution was compiled. $\begin{array}{c}\begin{array}{c}\text { Errors per Voucher}\\\text { 0 -under 2}\\\text { 2-under 4}\\\text { 4-under 6}\\\text { 6-under 8}\\\text { 8-under 10}\end{array}\begin{array}{c}\text {Number of Vouchers}\\500 \\400 \\300 \\200 \\100\end{array}\end{array}$

The cumulative frequency of the second class interval is _________.

• A)1,500
• B)500
• C)900
• D)1,000
• E)1,200

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Definitions:

Normal Goods

Goods for which demand goes up when income is higher and for which demand goes down when income is lower.

Wage Rate

The standard amount of pay given to an employee for services rendered, typically expressed on a per hour basis.

Labor Supplied

Labor supplied refers to the total hours that workers are willing and able to work at a given wage rate.

Income Effects

Changes in consumers' purchasing power and consumption patterns resulting from changes in their income.