The Frequency Distribution Below Summarizes Employee Years of Service for Alpha

question 35

Multiple Choice

The frequency distribution below summarizes employee years of service for Alpha Corporation. Find the class midpoint for class 1-5. $$\begin{array} { c | c } \text { Years of service } & \text { Frequency } \\\hline 1 - 5 & 5 \\6 - 10 & 20 \\11 - 15 & 25 \\16 - 20 & 10 \\21 - 25 & 5 \\26 - 30 & 3\end{array}$$

• A) 5.0
• B) 2.5
• C) 3.0
• D) 3.5

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Definitions:

Implementation

The part of the entrepreneurial process that occurs when the organization is formed.

Entrepreneurial Process

It involves identifying a business opportunity, developing resources, and managing the business to achieve objectives.

Triggering Event

A specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing.

Entrepreneurship Process

The stage of a business’s life that involves innovation, a triggering event, and implementation of the business.