A Company Collected the Ages from a Random Sample of Its

question 142

Multiple Choice

A company collected the ages from a random sample of its middle managers with the resulting frequency distribution shown below:
$$\begin{array} { l r } \text { Class Interval } & \text { Frequency } \\20 \text { to } < 25 & 8 \\25 \text { to } < 30 & 6 \\30 \text { to } < 35 & 5 \\35 \text { to } < 40 & 12 \\40 \text { to } < 45 & 15 \\45 \text { to } < 50 & 7\end{array}$$
-What would be the approximate shape of the relative frequency histogram?

• A)Uniform
• B)Normal
• C)Bimodal
• D)Skewed to the left
• E)Skewed to the right

---

Definitions:

Inventory Balance

The total value of a company's goods and materials held in stock, as recorded on the balance sheet.

Weighted Average Cost

A method of valuing inventory and cost of goods sold that considers the cost of each item in proportion to its quantity.

Perpetual Inventory

Perpetual inventory is a system that continuously updates inventory records to reflect sales, purchases, and inventory levels in real-time.

Inventory Turnover

A metric indicating the frequency at which a company's stock is sold and replenished within a given timeframe.