You Are the Payroll Manager for Blackwell Industries Construct a Frequency Distribution of This Information Using Six Equal

question 65

Short Answer

You are the payroll manager for Blackwell Industries. You are reviewing the following overtime wages paid for the last two weeks of July to your employees: $$\begin{array} { l l l l l l } \$ 22.50 & \$ 38.25 & \$ 16.50 & \$ 48.50 & \$ 68.25 & \$ 61.50 \\\$ 58.25 & \$ 19.00 & \$ 28.50 & \$ 36.75 & \$ 32.50 & \$ 48.75 \\\$ 28.50 & \$ 44.25 & \$ 31.50 & \$ 27.50 & \$ 28.50 & \$ 51.25\end{array}$$ Construct a frequency distribution of this information using six equal classes with an interval of ten starting at 10. What is the mean of this grouped data? (Round to the nearest cent)

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Definitions:

Revaluation

The process of adjusting the book value of a fixed asset or security to reflect its current market value.

Fair Value

The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Business Combination

A transaction or event through which a company acquires control over one or more businesses.

Intragroup Dividends

Dividends paid between entities within the same group, often eliminated in the consolidation process of preparing consolidated financial statements.