The Monthly Salaries of a Sample of 100 Employees Were

question 79

Multiple Choice

The monthly salaries of a sample of 100 employees were rounded to the nearest ten dollars. They ranged from a low of $1,040 to a high of $1,720. If we want to condense the data into seven classes, what is the most convenient class interval?

• A) $50
• B) $100
• C) $150
• D) $200
• E) None of the choices are correct

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Definitions:

Market Value

The market price at which an asset or service can be transacted currently.

Shares Outstanding

The total number of shares of a corporation that have been authorized, issued, and purchased by investors and are held by them.

Debt-Equity Ratio

A metric indicating the balance between shareholders' equity and debt in financing a company's assets.

Capital Spending

Expenditures by a business for acquiring or upgrading physical assets such as property, industrial buildings, or equipment.