Consider the Data in the Following Frequency Distribution For the Above Data, Compute the Following

question 10

Essay

Consider the data in the following frequency distribution.Assume the data represent a population. $$\begin{array}{l}\text { Class } \quad \text { Frequency }\\\begin{array} { l l } 2 - 6 & 2 \\7 - 11 & 3 \\12 - 16 & 4 \\17 - 21 & 1\end{array}\end{array}$$ For the above data, compute the following.
a.
The mean
b.
The variance
c.
The standard deviation

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Definitions:

Horizontal Analysis

An analysis technique that evaluates trends over time by comparing financial statement line items or ratios across multiple periods.

Financial Statement Data

Information presented in financial statements, including the balance sheet, income statement, and cash flow statement, to inform users about a company's financial status.

Percent Of Fixed Assets

A financial ratio that indicates what portion of a company's total assets are made up of fixed assets, such as property, plant, and equipment.

Vertical Analysis

This is a method in financial statement analysis where each line item is listed as a percentage of another item. For income statements, each expense is presented as a percentage of sales, and on the balance sheet, each asset, liability, or equity is presented as a percentage of total assets.