Provide an Appropriate Response Create a Cumulative Frequency Table for the Data

question 59

Multiple Choice

Provide an appropriate response.
-The frequency table shows the number of days of vacation taken in 1996 by 100 employees of a company.
$\begin{array}{c|c}\begin{array}{r}\text { Days of } \\\text { vacation }\end{array} & \text { Frequency } \\\hline 0-1 & 13 \\2-3 & 19 \\4-5 & 21 \\6-7 & 14 \\8-9 & 33\end{array}$

Create a cumulative frequency table for the data.

• A)
• \(\begin{array}{r|c}
• \text { Days of } & \text { Cumulative } \\
• \text { vacation } & \text { Frequency } \\
• \hline 0-1 & 13 \\
• 2-3 & 32 \\
• 4-5 & 53 \\
• 6-7 & 67 \\
• 8-9 & 100
• \end{array}\)
• B)
• \(\begin{array}{r|c}
• \begin{array}{r}
• \text { Days of } \\
• \text { vacation }
• \end{array} & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-1 & 13 \\
• 2-3 & 32 \\
• 4-5 & 54 \\
• 6-7 & 68 \\
• 8-9 & 100
• \end{array}\)
• C)
• \(\begin{array}{r|c}
• \begin{array}{r}
• \text { Days of } \\
• \text { vacation }
• \end{array} & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-1 & 32 \\
• 2-3 & 53 \\
• 4-5 & 67 \\
• 6-7 & 100 \\
• 8-9 & 133
• \end{array}\)
• D)
• \(\begin{array}{r|c}
• \begin{array}{r}
• \text { Days of } \\
• \text { vacation }
• \end{array} & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-1 & 0.13 \\
• 2-3 & 0.19 \\
• 4-5 & 0.21 \\
• 6-7 & 0.14 \\
• 8-9 & 0.33
• \end{array}\)

---

Definitions:

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage of markup to the product's cost.

Target Return On Investment Pricing

Pricing strategy where the price is set based on the desired return on investment.

Standard Markup

The common percentage added to the cost price of goods to determine their selling price.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost to ensure profit.