How Would You Convert a Grouped Frequency Distribution to a Relative

question 38

Multiple Choice

How would you convert a grouped frequency distribution to a relative frequency distribution?

• A)Divide the frequency of each class interval by the mean.
• B)Plot it on a graph.
• C)Divide the frequency of each class interval by the total number of scores.
• D)Sum the frequencies in each class interval.

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Definitions:

Average Total Costs (ATC)

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales volume.

Manufacturing Firm

A business involved in the production of goods through the processing of raw materials and assembling of components into finished products.

Marginal Cost (MC)

The rise in overall expenses linked to the production of an extra unit of a product or service.