TABLE 2- 5
the Following Are the Durations in Minutes

question 109

Multiple Choice

TABLE 2- 5
The following are the durations in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.
$$\begin{array}{l}\begin{array} { l l } \hline&\text { Relative}\\\text { Time (in Minutes) }&\text {Frequency }\\\hline0 \text { but lessthan } 5 & 0.37 \\5 \text { but less than } 10 & 0.22 \\\text { 10 but lessthan } 15 & 0.15 \\\text { 15 but less than } 20 & 0.10 \\\text { 20 but lessthan } 25 & 0.07 \\\text { 25 but lessthan } 30 & 0.07 \\30 \text { or more } & 0.02 \\\hline\end{array}\end{array}$$
-Referring to Table 2-5, what is the width of each class?

• A) 2%
• B) 100%
• C) 5 minutes
• D) 1 minute

Understand various financing options available for businesses.

Comprehend the roles and terms of banks, finance companies, and other lending institutions in providing capital.

Recognize the importance of the quality of the management team in securing financing.

Learn about the security measures including collateral and personal guarantees required by lenders.

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