Below Is a Histogram for the Number of Days That

question 42

Multiple Choice

Below is a histogram for the number of days that it took Wyche Accounting to perform audits in the last quarter of last year. What is the relative frequency of the 21-24 bin? ​ ​

• A)0.05
• B)0.14
• C)​0.25
• D)2.5

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Definitions:

Uncertain Environments

Conditions wherein the outcome of business operations is unpredictable due to changing external factors.

Informed Guessing

Making decisions or predictions based on available data and insights, even in the absence of complete information.

Risk Environment

An environment that lacks complete information but offers “probabilities” of the likely outcomes for possible action alternatives.

Factual Information

Data or details that are true and can be verified through evidence or observation.