The Sum of Relative Frequencies Found in a Relative Frequency

question 81

Multiple Choice

The sum of relative frequencies found in a relative frequency distribution for quantitative data necessarily equals:

• A) 0
• B) 1
• C) 100
• D) n, the number observations in the data set
• E) the number of collectively exhaustive and mutually exclusive class in a frequency distribution

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Definitions:

Work in Process

Inventory representing the cost of unfinished goods in production, including labor, materials, and overhead.

Yield

The earnings generated and paid to investors for an investment, often expressed as a percentage of the price of the investment.

Bottling Department

A specific division within a manufacturing facility or plant where products, often beverages, are placed into bottles as part of the production process.

Conversion Cost

The combined costs of direct labor and manufacturing overheads, which are incurred to convert raw materials into finished goods.