Compute the Relative Frequency for Students Who Earned an a Shown

question 12

Multiple Choice

Compute the relative frequency for students who earned an A shown in the table of grades below. ? $$\begin{array} { l | c } \text { Grades } & \text { Number of Students } \\\hline \text { A } & 10 \\\text { B } & 31 \\\text { C } & 36 \\\text { D } & 6 \\\hline & \mathbf { 8 3 }\end{array}$$ ?

• A)0.12
• B)0.10
• C)0.83
• D)Not enough information

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Definitions:

Fixed Costs

Expenses that do not change with changes in the level of production or sales, such as rent, salaries, and insurance.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit; an important metric in understanding per unit profitability and in break-even analysis.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.