Recently a Study of Fans Attending the New York Mets

question 133

Multiple Choice

Recently a study of fans attending the New York Mets baseball games was conducted and 500 fans were surveyed. In forming a frequency distribution of the number of miles fans traveled from home to the stadium, it was found that 247 fans traveled between 0 and 5 miles. Based on this information what was the relative frequency for this class?

• A) 0.247
• B) 0.30
• C) 0.494
• D) Can't be determined without more information.

---

Definitions:

Total Cost

The complete cost of production, including both fixed and variable expenses.

Activity Level

Refers to the volume of production or services activities at any given point or period, often influencing costs and revenues.

Planning Budget

A budget created for a specific level of activity; it helps managers plan the expected revenues, costs, and profits for different levels of operational activity.

Total Variable Cost

The cumulative cost that varies in direct proportion to changes in the level of output or activity, such as raw materials and direct labor.