Refer to the Following Ages (Rounded to the Nearest Whole

question 74

Short Answer

Refer to the following ages (rounded to the nearest whole year) of employees at a large company that were grouped into a distribution with class limits:
20 up to 30
30 up to 40
40 up to 50
50 up to 60
60 up to 70
What is the class interval? ______

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Definitions:

Equal Monthly Payments

Fixed payments made every month, as in a loan or mortgage, ensuring that the loan is paid off over a specified period.

Compounded Monthly

A method where interest earnings are calculated and added to the principal amount each month, allowing the interest to then earn interest in subsequent months.

Compounded Semi-annually

A method of calculating interest where the earned interest is added to the principal balance twice a year, affecting the total interest earned over time.

Semi-annual Withdrawals

Withdrawals from an account or investment that occur twice a year.