The Sum of the Frequencies for All Classes Will Always

question 13

Multiple Choice

The sum of the frequencies for all classes will always equal:

• A) the number of classes
• B) the class width
• C) the total number of observations in the data set
• D) one
• E) the average

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Definitions:

Drawing

A withdrawal made by an owner from the business for personal use.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership stake of the owners.

Revenues

The total income generated from normal business operations and other activities over a specific time period.