The Following Is a Simple Frequency Distribution Table

question 17

Multiple Choice

The following is a simple frequency distribution table.Suppose we convert this table to a cumulative frequency distribution.The frequencies in each interval of the cumulative frequency distribution would be

• A) 5, 8, 10, 14, and 20 (top down summary).
• B) 6, 10, 12, 15, and 20 (bottom up summary).
• C) both 5, 8, 10, 14, and 20 (top down summary) and 6, 10, 12, 15, and 20 (bottom up summary), depending on how the data were summarized.
• D) it is not possible to summarize the data using a cumulative frequency distribution.

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Definitions:

Incidence

The measure or manner in which economic burdens or benefits are distributed among participants in a market.

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A volatile flammable liquid derived from petroleum, used mainly as fuel in internal combustion engines.

Tax Levied

A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

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The study of who bears the burden of taxes, in terms of economic impact and how it affects different market participants.