A Cumulative Frequency Distribution Shows the Percentage of Observations for the Variable

question 30

True/False

A cumulative frequency distribution shows the percentage of observations for the variable of interest with values less than or equal to the upper limit of each class.

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Definitions:

Cost System

A method used by firms to track, record, and analyze costs associated with their operations, typically to improve efficiency or profitability.

Kilos

A metric unit of mass equal to one thousand grams or approximately 2.20462 pounds.

Direct Materials

Raw materials that can be directly traced to the production process and are a significant part of the finished product.

Raw Material

The basic substances or components that are processed and transformed into finished goods in manufacturing.