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:

Sales

The exchange of goods or services for money; also refers to the function or department within a business that handles this activity.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations based on its current income.

Operating Income

The profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.

Interest Expense

The cost incurred by an entity for borrowed funds, typically expressed as a yearly rate.