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(I) a Frequency Table Is a Grouping of Qualitative Data

question 30

Multiple Choice

(i) A frequency table is a grouping of qualitative data into mutually exclusive classes showing the number of observations in each class. (ii) Simple bar charts may be constructed either horizontally or vertically.
(iii) A relative frequency table shows the fraction or percent of the number of observations in each class.

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Definitions:

Breakeven Diagrams

Graphical representations that show the point at which total costs and total revenue are equal, indicating no net loss or gain.

Unit Sales

The total number of individual items or products sold within a specific period.

Business Risk

The potential that a company will have lower than anticipated profits or experience a loss rather than making a profit.

EBIT

Earnings Before Interest and Taxes, an indicator of a company's profitability that excludes interest and income tax expenses.

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