Refer to the Following Distribution of Commissions: What Is

question 36

Multiple Choice

Refer to the following distribution of commissions: What is the relative frequency for those salespersons that earn from $1,600 up to $1,800?

• A) .02
• B) .024
• C) .20
• D) .24

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Definitions:

Monthly Revenue

The total income generated by a business or individual from sales or services provided within a month.

Lobster Boats

Specialized vessels designed for the purpose of lobster fishing, equipped to handle and store lobsters.

Monthly Revenue

The total amount of income generated by a company from its operations over the course of a month.

Advertising

A marketing strategy involving the use of paid communications to inform, persuade, and remind consumers about products, services, or brands.