Class Limits Are The

question 33

Multiple Choice

Class limits are the:

• A) number of categories of the frequency distribution.
• B) number of data values falling within each class.
• C) lower and upper boundaries of each class.
• D) width of each class.
• E) mid-point of each class.

---

Definitions:

Capital

Financial assets or physical goods that have value and are used in the production of other goods and services, such as machinery, buildings, or money.

Capital

Resources such as machinery, buildings, and equipment used in the production of goods and services.

Dormitories

Residential facilities provided by educational institutions for students to live in.

Implicit Costs

The opportunity costs that arise from using resources that could have been employed in an alternative use but were instead utilized in the current operation without direct payment.