The Following Is a Frequency Distribution for the Ages of a Sample

question 89

Short Answer

The following is a frequency distribution for the ages of a sample of employees at a local company.
$\begin{array}{cc} \text { Age }& \text { Frequency } \\30-39 & 2 \\40-49 & 3 \\50-59 & 7 \\60-69 & 5 \\70-79 & 1\end{array}$
a. Determine the average age for the sample.
b. Compute the variance.
c. Compute the standard deviation.
d. Compute the coefficient of variation.

Calculate total utility given marginal utility data.

Analyze consumer behavior and utility maximization principles.

Explain the relationship between total utility, marginal utility, and consumer choice.

Assess how changes in marginal utility affect consumer equilibrium.

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Definitions:

Present Value

The worth at present of future monetary sums or cash flow streams, evaluated with a preset rate of return.

Cash Flows

The sum of funds flowing in and out of a company, particularly as it influences liquidity.

Capital Budgeting Project

A process of evaluating and selecting long-term investments that are expected to generate revenues or reduce costs, aiding in a firm's strategic planning.

Weighted Average Cost of Capital (WACC)

WACC is a calculation of a firm's cost of capital, where each category of capital (debt, equity) is proportionately weighted.