The Following Frequency Distribution Presents the Frequency of Passenger Vehicles

question 53

Multiple Choice

The following frequency distribution presents the frequency of passenger vehicles that pa: through a certain intersection from 8:00 AM to 9:00 AM on a particular day.
$\begin{array}{cc}\hline \text { Vehicle Type } & \text { Frequency } \\\hline \text { Motorcycle } & 8 \\\text { Sedan } & 87 \\\text { SUV } & 88 \\\text { Truck } & 31 \\\hline\end{array}$

Construct a relative frequency distribution for the data.

• A)
• \(\begin{array}{cc}
• \text { Vehicle Type } & \text { Relative Frequency } \\
• \hline \text { Motorcycle } & 0.037 \% \\
• \text { Sedan } & 0.407 \% \\
• \text { SUV } & 0.411 \% \\
• \text { Truck } & 0.145 \%
• \end{array}\)
• B)
• \(\begin{array}{cc}
• \text { Vehicle Type } & \text { Relative Frequency } \\
• \hline \text { Motorcycle } & 0.091 \\
• \text { Sedan } & 0.989 \\
• \text { SUV } & 1 \\
• \text { Truck } & 0.352
• \end{array}\)
• C)
• \(\begin{array}{cc}
• \text { Vehicle Type } & \text { Relative Frequency } \\
• \hline \text { Motorcycle } & 0.08 \\
• \text { Sedan } & 0.87 \\
• \text { SUV } & 0.88 \\
• \text { Truck } & 0.31
• \end{array}\)
• D)
• \(\begin{array}{cc}
• \text { Vehicle Type } & \text { Relative Frequency} \\
• \hline \text { Motorcycle } & 0.037 \\
• \text { Sedan } & 0.407 \\
• \text { SUV } & 0.411 \\
• \text { Truck } & 0.145
• \end{array}\)

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Definitions:

Depreciation Expense

The cost allocated to reflect the reduction in value of a tangible asset over its useful life, as part of the wear and tear or obsolescence.

Depreciation

A method of allocating the cost of a physical or tangible asset over its expected usable life to account for decreases in value over time.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Asset Cost

The total amount incurred to acquire an asset, including purchase price and all expenditures necessary to bring the asset to its intended use.