The Following Frequency Distribution Presents the Frequency of Passenger Vehicles

question 34

Multiple Choice

The following frequency distribution presents the frequency of passenger vehicles that pass through a certain intersection from 8:00 AM to 9:00 AM on a particular day. $$\begin{array} { c c } \hline \text { Vehicle Type } & \text { Frequency } \\\hline \text { Motorcycle } & 15 \\\text { Sedan } & 80 \\\text { SUV } & 88 \\\text { Truck } & 34 \\\hline\end{array}$$ What is the relative frequency of the Motorcyle category?

• A) 0.069
• B) 15
• C) 0.17
• D) 15%

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Definitions:

Christmas Trees

In the oil and gas industry, an assembly of valves, spools, and fittings used on a wellhead to control the flow of oil and gas.

Differential Cost

The difference in cost between two alternative decisions, or a change in cost from one period to the next.

Incremental Cost

The additional cost that a company incurs when producing one more unit of a product.

Incremental Costs

Costs that change as a result of a decision to increase or decrease the level of an activity or operation.