When Data Is Collected Using a Quantitative, Ratio Variable, What

question 47

Multiple Choice

When data is collected using a quantitative, ratio variable, what is true about a frequency distribution that summarizes the data?

• A) Upper and lower class limits must be calculated.
• B) A pie chart can be used to summarize the data.
• C) The number of classes is equal to the number of variable's values.
• D) The "5 to the k rule" can be applieD.

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Definitions:

Tax Shield

A reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, or depreciation.

Bankruptcy Costs

Expenses associated with the process of declaring bankruptcy, including legal, administrative, and direct costs.

Modigliani

Franco Modigliani, an economist known for his work in corporate finance, especially the Modigliani-Miller theorem regarding capital structure and the dividend irrelevance theory.

Miller

Often refers to a person who operates a mill, a machine to grind a cereal crop to make flour.