A Population Has 75 Observations

question 46

Multiple Choice

A population has 75 observations. One class interval has a frequency of 15 observations. The relative frequency in this category is:

• A)0.20.
• B)0.10.
• C)0.15.
• D)0.75.

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Definitions:

Wages

Amounts paid to employees based on a rate per hour or on a piecework basis.

Rent Expense

An expense account detailing the cost incurred for the use of rental property or equipment.

Fundamental Qualities

The essential attributes or characteristics that something possesses, which are crucial for its nature or function.

Useful Information

Information that is relevant, accurate, and timely, aiding individuals or organizations in making informed decisions.