A) 285
B) 795

question 36

Multiple Choice

$$\begin{array}{l}\text { Approximate the sample variance given the following frequency distribution. }\\\begin{array} { c c } \hline \text { Class } & \text { Frequency } \\\hline 0 - 19 & 14 \\20 - 39 & 15 \\40 - 59 & 9 \\60 - 79 & 9 \\80 - 99 & 9 \\\hline\end{array}\end{array}$$

• A) 28.5
• B) 795.9
• C) 810.4
• D) 28.2

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Definitions:

Management Decisions

These are choices made by the executives of a company affecting its direction and operation.

Planning Horizon

The future time period over which plans are made and resources are allocated.

High-Low Method

A method of separating a mixed cost into its fixed and variable elements by analyzing the change in cost between the high and low activity levels.

Fixed Component

A portion of the total costs that remains unchanged regardless of the level of activity or production volume.