A Person Has Decided to Construct a Frequency Distribution for a Set

question 78

Multiple Choice

A person has decided to construct a frequency distribution for a set of data containing 60 numbers.The lowest number is 23 and the highest number is 68.If 7 classes are used, the class width should be approximately _______.

• A)5
• B)7
• C)9
• D)11
• E)12

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired.

Fair Value

The estimated market value of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Salary Allowance

An agreed amount of money paid regularly to an employee on top of their salary for specific purposes, such as travel or housing.

Expired Insurance

The portion of an insurance premium that represents coverage for a past period.