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Exhibit 2-6

question 80

Multiple Choice

Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. $Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be 165 up to 190 - that is,{x;165 ≤ x < 190}.The frequency of this class is ____. A) 6/24 B) 7/24 C) 6 D) 7$ Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be "165 up to 190"- that is,{x;165 ≤ x < 190}.The frequency of this class is ____.

Definitions:

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Further Processing

Additional processing or manufacturing operations performed on a product to enhance its value before final sale.

Capacity

The maximum level of output that a company can sustain to produce goods or services under a given set of conditions.

Net Loss

The amount by which total expenses exceed total revenues in a company during a specific period, indicating a financial loss.