To Convert a Frequency Distribution to a Relative Frequency Distribution,divide

question 14

True/False

To convert a frequency distribution to a relative frequency distribution,divide each class frequency by the number of classes.

---

Definitions:

Penetration Pricing

A strategy of setting a low initial price for a product or service to attract customers quickly and gain market share.

Developmental Costs

Expenses associated with the research and development of a company's goods or services before they can be sold commercially.

Credit Account

is a financial arrangement where a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.

Small Business Owner

A proprietor of a business enterprise that typically has a limited number of employees and a relatively low volume of sales.