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SCENARIO 2-19-B
You are the quality control manager of a water bottles company. One of the biggest complaints in the
past years has been the breakage and, hence, the concern on the durability of the connector between
the lid and the bottle which many users use as a handle for the bottles. To collect evidence before
implementing any modification to the production process, your department has subjected 50 water
bottles to a durability test and the following data on the number of times the handles have been used
to lift the bottles before they break are contained in the file Scenario2-19-DataB.XLSX.
-Referring to Scenario 2-19-B, construct a percentage polygon using "473 but less than 480" as
the first class.
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid out.
Incurred Expenses
Costs that have been recognized or consumed in the operations of a business, regardless of the payment status.
Net Income
The total profit or loss of a company after deducting all expenses, taxes, and costs from total revenue.
Accounting Period
The span of time at the end of which the financial position of a business is calculated and reported, typically a month, quarter, or year.
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