​The Approximate Class Width for a Frequency Distribution Involving Quantitative

question 54

Multiple Choice

​The approximate class width for a frequency distribution involving quantitative data can be determined using the expression

• A) ​mean frequency/total frequency.
• B) ​total frequency/class midpoint.
• C) ​range/desired number of classes.
• D) ​desired number of classes/class midpoint.

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Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Stockholders' Equity

Represents the amount of financing provided by the owners of the company and the retained earnings generated by the company's operations.

Paid-in Capital

The total amount of capital that a company has received from shareholders in exchange for shares of stock.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.