The Sum of Frequencies for All Classes Will Always Equal

question 19

Multiple Choice

The sum of frequencies for all classes will always equal

• A) 1.
• B) the number of elements in a data set.
• C) the number of classes.
• D) a value between 0 and 1.

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Definitions:

Comprehensive Income

The total non-owner changes in equity for a reporting period, which includes all realized and unrealized gains and losses.

Current Period

Refers to the most recent operational or financial period under consideration or review in reports and statements.

Lending Risk

This term describes the potential for financial loss due to a borrower's failure to make required payments on a debt, affecting the lender's financial stability.

Financial Reporting

The act of creating disclosures that inform management, investors, and government bodies of a company's financial position.