A Common Rule of Thumb in Constructing a Relative Frequency

question 38

Multiple Choice

A common rule of thumb in constructing a relative frequency histogram is to use:

• A) less than 5 classes
• B) more than 10 classes
• C) between 5 and 12 classes
• D) any number of classes
• E) at least 10 classes

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Definitions:

Dishonors

Refers to the failure to accept or pay a bill of exchange or promissory note when due.

Dishonored Note

A promissory note that has not been paid by the maker at maturity.

Maturity

The date on which a financial obligation or investment becomes due for payment or achieves its full value.

Note Receivable

A written promise that money will be paid by the debtor to the creditor at a certain date in the future.