If the Computed Class Interval for a Frequency Distribution Is

question 36

Multiple Choice

If the computed class interval for a frequency distribution is equal to 4.25, then the actual class interval used should be.

• A)4.0
• B)4.25
• C)4.245 to 4.255
• D)5.0

---

Definitions:

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into its financial condition.

Incremental Borrowing Rate

This rate is the interest a company would have to pay if it borrows funds, serving as a benchmark in lease agreements to determine lease liabilities and right-of-use assets.

Annual Payments

Payments made once a year, often related to loans, leases, or other financial agreements.