Runyon Inc

question 164

Multiple Choice

Runyon Inc.reported the following results from last year's operations: The company's average operating assets were $7,000,000.

Last year's turnover was closest to:

• A)0.42
• B)14.29
• C)0.07
• D)2.40

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Definitions:

Frequency Distribution

A summary of how often each value in a set of data occurs, often displayed in a table or graph.

Class Interval

The range of values into which data are grouped for frequency distribution purposes, often used in histograms.

Histogram

A graphical representation of data using bars of different heights to show the frequency of data in successive intervals.

Frequency Polygon

A graphical representation of the distribution of a dataset that shows how often each value occurs, connecting the middle of each interval.