If You Have a Frequency Distribution for a Variable (Like

question 4

Multiple Choice

If you have a frequency distribution for a variable (like age...) with many values,what can you do to create a frequency distribution that gives a better picture of the data?

• A)group the data into no more than 15 classes
• B)calculate a mean
• C)add a column for the cumulative percent of cases
• D)draw a graphic

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Definitions:

Credit Sale

A transaction where goods or services are provided to a customer with an agreement to pay at a later date.

Gross Profit

The difference between revenue and the cost of goods sold, representing the profit a company makes after deducting the costs associated with making and selling its products or services.

Sales Discounts

Reductions granted on the selling price of goods or services to encourage prompt payment by the customer.

Cash Collection

The process of gathering and managing payments received from customers.