Which of the Following Statements Is True

question 32

Short Answer

Which of the following statements is true? $\begin{array}{|l|l|}\hline A&\text {A histogram is created by drawing rectangles whose bases correspond to the class intervals, }\\&\text {and the area of each rectangle equals the total }\\&\text { number of observations in the sample.}\\\hline B&\text { A histogram can be used for only categorical variables.}\\\hline C&\text { A histogram is created by drawing rectangles whose bases correspond to the number }\\&\text { of observations in each class.}\\\hline D&\text { A histogram is created by drawing rectangles whose bases correspond to the class intervals, and the area}\\&\text { of each rectangle equals the number of observations in that class.}\\\hline \end{array}$

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Definitions:

Financial Planning

The process of constructing a financial strategy or plan to meet an individual's or organization's long-term financial goals.

Sales Growth

Sales growth is the increase in sales over a specific period, indicating the company's ability to grow its business and expand its market reach.

Retained Earnings

The portion of a company's profits that is kept or retained within the company, rather than being paid out to shareholders as dividends.

Financial Planning Model

A systematic tool or process used by businesses to forecast their financial performance and plan future financial activities.