Calculate the Number of Classes If There Are 16 Observations

question 6

Multiple Choice

Calculate the number of classes if there are 16 observations in a data set.

• A) 7
• B) 6
• C) 5
• D) 4
• E) 3

---

Definitions:

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and interest.

360-Day Year

A conventional method in finance for simplifying interest calculations, assuming a year has 360 days.

Finance Company

A business that provides loans to individuals and companies, aside from traditional banking institutions, often specializing in certain types of loans.

Discounted

refers to a price that has been reduced from the original or list price, often to encourage sales or clear inventory.