$$\text { TABLE 2-15 }$$ The Figure Below Is the Ogive for the Amount of Ogive

question 128

Multiple Choice

$$\text { TABLE 2-15 }$$ The figure below is the ogive for the amount of fat (in grams) for a sample of 36 pizzas products where the upper boundaries of the intervals are: 5, 10, 15, 20, 25, and 30.

-Referring to Table 2-15, roughly what percentage of pizza products contains less than 10 grams of fat?

• A) 75%
• B) 50%
• C) 14%
• D) 3%

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Definitions:

Cost of Goods Sold

The costs directly associated with the manufacturing of goods a company sells, encompassing both the price of materials and the wages for labor.

Inventory

The total amount of goods or materials held in stock by a business, intended for sale or production.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for credit sales.

Sales on Account

Transactions where goods or services are sold and payment is deferred to a future date, typically recorded as accounts receivable.