TABLE 2-13 Given Below Is the Stem-And-Leaf Display Representing the Amount of Amount

question 97

Essay

TABLE 2-13
Given below is the stem-and-leaf display representing the amount of detergent used in gallons (with leaves in tenths of gallons) in a day by 25 drive-through car wash operations in Phoenix.
9 | 1 4 7
10 | 0 2 2 3 8
11 | 1 3 5 5 6 6 7 7 7
12 | 2 2 3 4 8 9
13 | 0 2
-Referring to Table 2-13, construct a cumulative percentage polygon for the detergent data if the corresponding frequency distribution uses "9.0 but less than 10.0" as the first class.

---

Definitions:

Financial Asset

Assets that derive value from a contractual claim, such as stocks, bonds, bank deposits, and other investments.

Future Cash Flows

Future cash flows refer to the estimated amount of money that is expected to be received or paid out by a company in future periods.

Sinking Fund

Facilitates the orderly retirement of a bond issue. This can be achieved in one of two ways: the company can call in for redemption (at par value) a certain percentage of bonds each year or the company may buy the required amount of bonds on the open market.

Equilibrium

The condition under which the intrinsic value of a security is equal to its price; also, its expected return is equal to its required return.