The Grades of 10 Students in Their First Management Test

question 4

Essay

The grades of 10 students in their first management test are shown below. ​
a.
Construct a frequency distribution. Let the first class be 60 - 69.
b.
Construct a cumulative frequency distribution.
c.
Construct a relative frequency distribution.

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Definitions:

Disbursement Float

The time lag between when a payment is issued by a company and when the funds are actually removed from the company’s account.

Chequing Account

A bank account that allows the holder to make deposits, withdrawals, and payments via cheques and is typically used for everyday transactions.

Paycheque

A check issued to an employee for earned wages, representing the net amount after deductions such as taxes and social security contributions.

Compensating Balances

A minimum bank account balance a borrower is required to maintain as part of a loan agreement, offering the bank some security.