A Tabular Summary of a Set of Data Showing the Fraction

question 14

Multiple Choice

A tabular summary of a set of data showing the fraction of the total number of items in several nonoverlapping classes is a

• A)frequency distribution.
• B)relative frequency distribution.
• C)frequency.
• D)cumulative frequency distribution.

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Definitions:

Short-Term Bank Loan

A loan obtained from a bank that has a short repayment period, typically less than one year.

Best Course of Action

The most suitable or advantageous strategy or decision to take in a given situation.

Annual Rate

The interest rate for a whole year, as opposed to a rate for a shorter period.

Terms of Payment

The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.