The Largest Class Interval Goes Here on a Frequency Distribution

question 31

Multiple Choice

The largest class interval goes here on a frequency distribution:

• A)the top
• B)the bottom
• C)in the middle
• D)either at the top or bottom

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Definitions:

Bonds

Long-term debt securities issued by corporations and governments to raise funds, paying interest to holders.

Effective-Interest Method

An accounting practice used to amortize the discount or premium on bonds payable over the bond’s life, reflecting a constant rate of interest.

Bonds

Long-term debt securities issued by corporations or governments, promising to pay the holder a specified amount of interest over a set period of time before returning the principal amount.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period of time, reflecting its consumption, expiration, or obsolescence.