The Following Data Set Represents Heather's Average Monthly Charges (In $\begin{array} { l l l l l l l l l l l l } 105 & 125 & 110 & 98 & 102 & 115 & 110 & 123 & 118 & 101 & 95 & 128 \end{array}$

question 35

Essay

The following data set represents Heather's average monthly charges (in $)for cable TV for the
past 12 months. $\begin{array} { l l l l l l l l l l l l } 105 & 125 & 110 & 98 & 102 & 115 & 110 & 123 & 118 & 101 & 95 & 128 \end{array}$
Construct a frequency distribution with 4 classes.
$\begin{array}{l|l} \text { Charges} & \text { Frequency } \\ \hline \text { } & \text { } \\\end{array}$

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Definitions:

Fair Value

An estimate of the market value of an asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Commercial Substance

A concept in accounting indicating that a transaction has caused a change in the financial position of the parties involved.

Commercial Substance

A condition in financial accounting where a transaction significantly changes the economic position of an entity.

Book Value

The net value of an asset calculated as total assets minus total liabilities, often used to estimate a company's value.