When a Class Interval Is Expressed as 100 Up to 200

question 66

Multiple Choice

When a class interval is expressed as 100 up to 200,

• A)observations with values of 100 are excluded from the class.
• B)observations with values of 200 are included in the class.
• C)observations with values of 200 are excluded from the class.
• D)the class interval is 99.

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Definitions:

Firm

A business organization, such as a corporation, limited liability company, partnership, or sole proprietorship, that sells goods or services.

Fixed Costs

Business expenses that are not affected by the level of goods or services produced by the business, such as rent, salaries, and insurance.

Price-Taking

A market condition where individual buyers or sellers have no influence over the price of a product due to its abundance in the market and the presence of many competitors.

Bushel

A unit of volume that is used primarily in agriculture, equivalent to about 35.24 liters in the U.S. for dry goods.