The Relative Frequency of a Class Is Computed by

question 3

Multiple Choice

The relative frequency of a class is computed by

• A)dividing the cumulative frequency of the class by n
• B)dividing n by cumulative frequency of the class
• C)dividing the frequency of the class by n
• D)dividing the frequency of the class by the number of classes

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Definitions:

Total Costs

The sum of all costs incurred by a firm in producing a certain level of output, including both fixed and variable costs.

Edited and Typeset

The process of preparing and arranging written material for printing or digital publication by correcting, making changes, and setting the final layout.

Marginal Cost

The extra financial burden of producing an additional unit of a product or service.

Profits

The financial gain received by a business after subtracting the total costs from the total revenues generated through its operations.