The Total Area of the Bars in a Relative Frequency

question 89

Multiple Choice

The total area of the bars in a relative frequency histogram:

• A) depends on the sample size
• B) depends on the number of bars
• C) depends on the width of each bar
• D) depends on the population size
• E) depends on the frequency

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Definitions:

Collection Float

The time span between when a check is deposited and when the funds are actually available in the account, reflecting processing time.

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.

Bank

A financial institution licensed to receive deposits and make loans.

Lockbox System

A service provided by banks to process payments quickly by having those payments mailed directly to a location accessible by the bank.