A Relative Frequency Distribution Is Appropriate When

question 25

Multiple Choice

A relative frequency distribution is appropriate when

• A) there are large frequency counts in each interval.
• B) the data are grouped into relatively small intervals.
• C) there are open classes.
• D) the interval width is too large.

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Definitions:

Depreciable Cost

The total cost of a fixed asset that can be depreciated over its useful life, excluding salvage value.

Residual Value

The estimated salvage value or the value of an asset at the end of its useful life.

Accumulated Depreciation

A cumulative account that records the depreciation expense of an asset, reducing its book value over time.

Initial Cost

The original acquisition cost of an asset or investment, prior to any adjustments for depreciation, improvement, or amortization.