A Good Choice for the Number of Class Groups to Use

question 42

True/False

A good choice for the number of class groups to use in constructing frequency distribution is to have at least 5 but no more than 15 class groups.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.

Fixed Costs

Expenses that do not fluctuate with the level of goods or services produced by the business.

Net Income

The total earnings of a person or organization after subtracting all expenses and taxes.