The Relative Frequency of a Class Is Computed by

question 22

Multiple Choice

The relative frequency of a class is computed by

• A) dividing the midpoint of the class by the sample size.
• B) dividing the frequency of the class by the midpoint.
• C) dividing the sample size by the frequency of the class.
• D) dividing the frequency of the class by the sample size.

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Definitions:

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business segment and would disappear if the segment was discontinued.

Price Reduction

The act of lowering the selling price of goods or services, often to stimulate demand, clear out inventory, or respond to market competition.

Target Costing

A pricing method that involves determining the desired cost for a product to ensure profitability at its anticipated selling price.

Desired Return

The profit or return that an investor or company aims to achieve on an investment or project.