Which of the Following Is NOT True of Grouped Frequency

question 9

Multiple Choice

Which of the following is NOT true of grouped frequency distributions?

• A) It is usual to aim for 8 to 10 classes in total
• B) Classes should be displayed in size order
• C) Classes must always have equal width
• D) Each data point must be in one, and only one, class

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Definitions:

Notes Receivable

Written promises for amounts to be received within a certain period, recognized as assets on the balance sheet.

Contingent Liability

A potential obligation that depends on a future event arising from past transactions or events.

Allowance For Doubtful Accounts

A contra-asset account that represents the estimated amount of receivables which are not expected to be collected.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects revenue from its credit sales by dividing net credit sales by the average accounts receivable.