The Sum of Frequencies for All Classes Will Always Equal

question 19

Multiple Choice

The sum of frequencies for all classes will always equal

• A) 1.
• B) the number of elements in a data set.
• C) the number of classes.
• D) a value between 0 and 1.

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Definitions:

Wholesale Cost

The price charged for a product by the wholesaler, which is typically lower than the retail price.

Accounts Payable Balance

The total amount of money a company owes to its suppliers or creditors at a given point in time.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the material and labor costs.

Prior Quarter Sales

The total revenue generated by a business in the quarter immediately preceding the current one.