Exhibit 2-4 Michael's Compute-All, a National Computer Retailer, Has Kept a Record

question 45

Multiple Choice

Exhibit 2-4
Michael's Compute-All, a national computer retailer, has kept a record of the number of laptop computers they have sold for a period of 80 days. Their sales records are shown below:
-Refer to Exhibit 2-4. If one develops a cumulative frequency distribution for the above data, the last class will have a frequency of

• A)10
• B)100
• C)0 to 100
• D)80

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Definitions:

Vertical Integration

Refers to the common ownership of two firms in separate stages of the vertical supply chain that connects raw materials to finished goods.

Higher Taxes

An increase in the mandatory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

New Product

An item that has been recently introduced to the market, offering new or improved features, functionalities, or benefits.

Rent Control

Government policies or laws that limit the amount landlords can charge for leasing residential properties in order to keep housing affordable.