The Frequency Distribution Below Summarizes the Home Sale Prices in the City

question 49

Multiple Choice

The frequency distribution below summarizes the home sale prices in the city of Summerhill for the month of June. Determine the width of each class. $\begin{array}{r|c}\text { Sale Price (in thousand } \$) & \text { Frequency } \\\hline 80.0-110.9 & 2 \\111.0-141.9 & 5 \\142.0-172.9 & 7 \\173.0-203.9 & 10 \\204.0-234.9 & 3 \\235.0-265.9 & 1\end{array}$

• A) 61
• B) 31
• C) 28
• D) 30

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Definitions:

Cash Cycles

The process that covers the time span between a company’s outlay of cash for materials and the collection of cash from customers for goods or services sold.

Inventory Period

The average length of time items remain in inventory before being sold, indicating the efficiency of a company's inventory management.

Producing Goods

The process of creating, manufacturing, or assembling products or goods from raw materials or components.

Demand

The consumer's desire and willingness to pay a price for a specific good or service.