When Data Is Collected Using a Quantitative, Ratio Variable, What

question 105

Multiple Choice

When data is collected using a quantitative, ratio variable, what is true about a frequency distribution that summarizes the data?

• A) Upper and lower class limits must be calculated.
• B) A pie chart can be used to summarize the data.
• C) Number of classes is equal to the number of variable's values.
• D) The "5 to the k rule" can be applied.

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Definitions:

Industry

A sector of the economy that produces and provides related services within a specific area of production or commerce.

Base Period

The Base Period in financial analysis is a specific time period used as a standard of comparison for assessing financial or economic data over different periods.

Analysis Period

A specified timeframe during which financial data is analyzed and assessed for business reporting or investment decisions.

Percentage

A fraction or ratio expressed as part of one hundred, used to compare quantities or to indicate a portion of a whole.