Examlex
Explain why the lower of cost or market rule is used to value inventory.
Frequency Distribution
The representation, either in graphical or tabular format, of how often each distinct value occurs in a set of data.
Class Interval
A range of values in a data set that are divided into different classes or categories for frequency distribution analysis.
Class Interval
A range of values within a dataset into which data points are grouped for frequency distribution analysis, often used in histograms.
Histogram
A graphical representation of the distribution of numerical data, usually showing the frequency of data within certain ranges.
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