Use the Following Sample Data for the Following Questions

question 2

Essay

Use the following sample data for the following questions. A study of physical
fitness tests for 12 randomly selected Pre-Medical students measured their exercise
capacity (in minutes). The following data resulted:

-Using five classes, construct a frequency distribution of the students' exercise capacity.

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Definitions:

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Defined Benefit Pension Plans

Pension plans that promise a specified monthly benefit at retirement, which may be calculated through a formula based on earnings and years of service.

Required Disclosure

Obligatory sharing of specific financial or operational information by a company, as mandated by regulatory bodies or laws.

Projected Benefit Obligation

A measurement of the present value of future pension liabilities, based on expected future salary increases.