Class Intervals Must Be Mutually Exclusive and Exhaustive

question 24

True/False

Class intervals must be mutually exclusive and exhaustive.

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Definitions:

Objective

A specific, measurable goal or target that an individual, team, or organization aims to achieve within a set timeframe.

Constraints

Limitations or restrictions that define the parameters within which a system or process must operate.

Government Program

An initiative sponsored by a governmental entity designed to achieve specific goals such as improving public welfare, supporting economic development, or enhancing education.

Contribution

The amount by which sales revenue exceeds the variable costs of a product, representing the portion of sales that helps to cover the company's fixed costs.