Consider the Frequency Distribution Below, Which Has Single Values as Classes

question 9

Essay

Consider the frequency distribution below, which has single values as classes: $$\begin{array} { | c | c | } \hline \text { Value } & \text { Frequency } \\\hline 10 & 1 \\11 & 3 \\12 & 7 \\13 & 18 \\14 & 10 \\15 & 4 \\16 & 2 \\17 & 7 \\18 & 16 \\19 & 10 \\20 & 6 \\21 & 2 \\\hline\end{array}$$ Construct a new frequency distribution for this data with 4 classes. Now, construct another frequency
distribution for this data with 6 classes. Suppose that you construct a histogram corresponding to the original
data and histograms corresponding to each of the new frequency distributions. Describe the shapes of the three
histograms. Does the histogram with six classes capture the distribution of the data? Does the histogram with
four classes capture the distribution of the data?

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Definitions:

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Cash Collections

The process of gathering all payments or receivables a company has earned from its sales or services.

Budgeted Sales

A financial estimation of the future sales revenue of a company over a specific period, forming part of the broader company budget.