What Is Wrong in the Following Table

question 54

Multiple Choice

What is wrong in the following table?
Score f

• A)The scores and the frequencies must be reversed.
• B)The relative frequencies are reported in the f column.
• C)Not all possible scores between the highest and lowest observed scores are reported.
• D)Nothing is wrong.

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Definitions:

Budgeting Slack

The practice of underestimating revenue or overestimating expenses while preparing a budget to create a cushion or slack for unexpected situations.

Budgetary Slack

The practice of underestimating revenues or overestimating expenses when preparing a budget to create a buffer for unexpected scenarios.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe existing state or future outcomes, often affecting decision-making processes.

Budgeted Profit and Loss Statement

A financial statement forecasting the revenue, expenses, and profit for a future period, based on management's estimates.