The Larger the Number of Observations in a Numerical Data

question 145

True/False

The larger the number of observations in a numerical data set,the larger the number of class intervals needed for a grouped frequency distribution.

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Definitions:

Cost

The value or price paid to acquire, produce, or maintain a good or service.

Time Value

The time value of money concept suggests that money available now is more valuable than the same amount in the future due to its potential earning capacity.

Cash Sales

Transactions where goods or services are paid for with cash or its equivalent at the time of sale, without delay.

Credit Sales

Sales made by a business where the payment is received after the service or product has been delivered.