The Sum of the Cumulative Relative Frequencies for the Cumulative

question 15

True/False

The sum of the cumulative relative frequencies for the cumulative relative frequency distribution should be equal to or very close to 1.0 due to rounding.

---

Definitions:

Net Method

An accounting method where sales and purchases are recorded at their net amounts after deducting any discounts, rather than recording the gross amount and then the discount separately.

Invoice Price

The original price listed by the manufacturer or a supplier on the invoice, before any discounts.