The Monthly Salaries of a Sample of 100 Employees Were

question 90

Multiple Choice

The monthly salaries of a sample of 100 employees were rounded to the nearest ten dollars. They
Ranged from a low of $1,040 to a high of $1,720. If we want to condense the data into seven classes,
What is the most convenient class interval?

• A) $50
• B) $100
• C) $150
• D) $200

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Definitions:

Monthly Payments

Regular payments made every month, commonly associated with loans, mortgages, or subscription services.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.

Compounded Semi-annually

Interest calculation where interest earned over six months is added to the principal, affecting future interest computations.

Monthly Payments

Regular payments made each month, often towards the repayment of a loan or mortgage.