Identify the Cumulative Frequency Distribution That Corresponds to the Given

question 29

Multiple Choice

Identify the cumulative frequency distribution that corresponds to the given frequency distribution.
$\begin{array}{r|c}\text { Speed } & \begin{array}{c}\text { Number } \\\text { of Cars }\end{array} \\\hline 0-29 & 4 \\30-59 & 16 \\60-89 & 60 \\90-119 & 20\end{array}$

• A)
• \(\begin{array}{r|c}
• \text { Speed } & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline \text { Less than } 30 & 4 \\
• \text { Less than } 60 & 20 \\
• \text { Less than } 90 & 80 \\
• \text { Less than } 120 & 100
• \end{array}\)
• B)
• \(\begin{array}{r|c}
• \text { Speed } & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline \text { Less than } 30 & 0.04 \\
• \text { Less than } 60 & 0.20 \\
• \text { Less than } 90 & 0.80 \\
• \text { Less than 120 } & 1.00
• \end{array}\)
• C)
• \(\begin{array}{r|c}
• \text { Speed } & \begin{array}{c}
• \text { Cumulative } \\
• \text { Frequency }
• \end{array} \\
• \hline 0-29 & 4 \\
• 30-59 & 20 \\
• 60-89 & 80 \\
• 90-119 & 100
• \end{array}\)
• D)
• \(\begin{array}{r|c}
• & \text { Cumulative } \\
• \text { Speed } & \text { Frequency } \\
• \hline \text { Less than } 30 & 100 \\
• \text { Less than } 60 & 80 \\
• \text { Less than } 90 & 82 \\
• \text { Less than } 120 & 4
• \end{array}\)

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Definitions:

Implicit Cost

The opportunity costs that arise from using assets, resources, or funds in specific ways rather than the next best alternative.

Capital

The total value of assets owned by an individual or firm—physical assets plus financial assets.

Opportunity Cost

The cost of the next best alternative foregone as the result of making a decision.

Depreciation

The reduction in the value of an asset over time, often due to wear and tear or obsolescence.