The Following Class Intervals for a Frequency Distribution Were Developed

question 50

Multiple Choice

The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school:
Before data was collected, someone questioned the validity of this arrangement. Which of the following represents a problem with this set of intervals?

• A) There are too many intervals.
• B) The class widths are too small.
• C) Some numbers between 28,000 and 40,000 would fall into two different intervals.
• D) The first and the second interval overlap.
• E) There are too few intervals.

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Definitions:

Financial Break-Even

The point at which total revenues exactly match total expenses, resulting in neither profit nor loss.

Sales Quantity

The cumulative quantity of a product or service purchased over a designated timeframe.

Cash Inflows

The total amount of money being transferred into a company, typically from operations, financing, and investing activities.

NPV

A financial metric that calculates the present value of projected cash flows of an investment, minus the initial investment cost.