Monthly Commissions of First-Year Insurance Brokers Are $1,270,$1,310,$1,680,$1,380,$1,410,$1,570,$1,180,and $1,420

question 21

Multiple Choice

Monthly commissions of first-year insurance brokers are $1,270,$1,310,$1,680,$1,380,$1,410,$1,570,$1,180,and $1,420. These figures are referred to as

• A)a histogram.
• B)raw data.
• C)a frequency distribution.
• D)a frequency polygon.

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Definitions:

Periodic Inventory System

A method of inventory accounting where updates to inventory levels are made at specific periods, such as monthly or annually, rather than continuously.