When Displaying Quantitative Data,what Is an Ogive Used to Plot

question 85

Multiple Choice

When displaying quantitative data,what is an ogive used to plot?

• A)Frequency or relative frequency of each class against the midpoint of the corresponding class
• B)Cumulative frequency or cumulative relative frequency of each class against the upper limit of the corresponding class
• C)A and B
• D)None of the above

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Definitions:

Acquired Net Assets

The total assets purchased from a company during an acquisition minus the liabilities assumed in the process.

Equipment Account

An account on the balance sheet where the cost of purchasing equipment is recorded and progressively depreciated over time.

Specific Identification

An inventory costing method that tracks the actual cost of each individual item in inventory and assigns this cost to the goods sold.

FIFO Assumption

The First-In, First-Out method is an accounting assumption used to manage inventory and cost of goods sold, assuming the first items placed into inventory are sold first.