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Exhibit 1-5
the Following Is a Frequency Distribution of the Monthly

question 46

Multiple Choice

Exhibit 1-5
The following is a frequency distribution of the monthly expenditures for long distance telephone service of 200 households in Chattanooga.
 Class  Expenditure $)   # of households 10 and under 2042220 and under 40 64340 and under 6034460 and under 8028580 and under 100206100 and over 12\begin{array}{|c|c|c|}\hline\text { Class } & \text { Expenditure \$) } & \text { \# of households } \\\hline 1 & 0 \text { and under } 20 & 42 \\\hline 2 & 20 \text { and under 40 } & 64 \\\hline 3 & 40 \text { and under } 60 & 34 \\\hline 4 & 60 \text { and under } 80 & 28 \\\hline 5 & 80 \text { and under } 100 & 20 \\\hline 6 & 100 \text { and over } & 12\\\hline\end{array}
-Refer to Exhibit 1-5. What is the cumulative relative frequency of the 2nd class?

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Definitions:

Allocating

The process of assigning or distributing resources or costs among various accounts, projects, or entities.

Residual Income

The amount of income that an individual or company has after all personal debts and expenses, including the cost of capital, have been paid.

Performance Measure

Criteria or benchmarks used to assess and compare the efficiency, effectiveness, and productivity of operations within an organization.

Investment Turnover

A measure of a company's ability to generate sales from its investments in assets, typically indicating efficiency.

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