The Scores on a Recent Statistics Test Are Given in the Frequency

question 48

Multiple Choice

The scores on a recent statistics test are given in the frequency distribution below. Construct the corresponding relative frequency distribution. Round relative frequencies to the nearest hundredth of a percent if necessary.
$\begin{array}{c|c}\text { Scores } & \text { Frequency } \\\hline 0-60 & 5 \\61-70 & 10 \\71-80 & 8 \\81-90 & 6 \\91-100 & 2\end{array}$

• A)
• \(\begin{array}{c|c}
• \text { Scores } & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-60 & 0.26 \% \\
• 61-70 & 0.23 \% \\
• 71-80 & 0.42 \% \\
• 81-90 & 0.10 \% \\
• 91-100 & 0.00 \%
• \end{array}\)
• B)
• \(\begin{array}{c|c}
• \text { Scores } & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-60 & 15.5 \% \\
• 61-70 & 22.1 \% \\
• 71-80 & 31.3 \% \\
• 81-90 & 16.2 \% \\
• 91-100 & 14.9 \%
• \end{array}\)
• C)
• \(\begin{array}{c|c}
• \text { Scores } & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-60 & 16.13 \% \\
• 61-70 & 32.26 \% \\
• 71-80 & 25.81 \% \\
• 81-90 & 19.35 \% \\
• 91-100 & 6.45 \%
• \end{array}\)
• D)
• \(\begin{array}{c|c}
• \text { Scores } & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-60 & 12.5 \% \\
• 61-70 & 20.1 \% \\
• 71-80 & 37.3 \% \\
• 81-90 & 15.2 \% \\
• 91-100 & 14.9 \%
• \end{array}\)

Appreciate the role and benefits of the FASB Accounting Standards Codification.

Know which pronouncements are issued by FASB and their significance.

Understand the development and enforcement of accounting standards.

Distinguish between primary responsibilities of regulatory bodies in the U.S. financial reporting environment.

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Definitions:

Physical Dependence

A physiological state of adaptation to a substance, where withdrawal symptoms occur if the substance is abruptly decreased or stopped.

Tolerance

The ability or willingness to accept opinions, beliefs, or behaviors that one disagrees with.

Short-Term Treatment

Therapeutic interventions or medical treatments designed to resolve issues or alleviate symptoms in a relatively brief period.

Doctor's Advice

Recommendations or guidance given by a physician or medical professional regarding health-related issues.