In Constructing a Frequency Distribution, the Approximate Class Width Is

question 39

Multiple Choice

In constructing a frequency distribution, the approximate class width is computed as

• A)(largest data value - smallest data value)/number of classes
• B)(largest data value - smallest data value)/sample size
• C)(smallest data value - largest data value)/sample size
• D)largest data value/number of classes

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and equipment leases.

Market Price

The current price at which an asset or service can be bought or sold in a market.

Cost Conditions

The specific factors affecting the cost of production or service delivery, including material costs, labor expenses, and overheads.

Output

The total amount of goods or services produced by a company, industry, or economy.