The Following Class Intervals for a Frequency Distribution Were Developed

question 5

Multiple Choice

The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school:

Before data was collected,someone questioned the validity of this arrangement.Which of the following represents a problem with this set of intervals?

• A)There are too many intervals.
• B)The class widths are too small.
• C)Some numbers between 18,000 and 30,000 would not fall into any of these intervals.
• D)The first and the second interval overlap.
• E)There are too few intervals.

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Definitions:

Fixed Costs

Expenses that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.

Cash Flow

The full measure of money movement into and out of an organization, primarily altering its liquidity status.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows, reflecting the risk and time value of money.

Initial Cost

The total expense incurred to acquire an asset or start a project, including purchase price and all associated fees.