What Values Are Displayed on a Cumulative Relative Frequency Distribution

question 157

Multiple Choice

What values are displayed on a cumulative relative frequency distribution?

• A) The number of observations that fall into each class interval.
• B) The proportion of observations that fall into each class interval.
• C) The number of observations that fall below each class interval.
• D) The proportion of observations that fall below each class interval.

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Definitions:

Ending Work in Process

The value of goods that are in the production process but not yet complete at the end of an accounting period.

Transferred Out

Transferred Out is a term often used in accounting and inventory control to denote goods or assets moved from one department, location, or account to another.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, computed by taking the number of partially completed units and converting them into a number of fully completed units.

Total Materials Costs

The total expense incurred by a company for the materials that are used in the production process of its goods or services.