When a Class Interval Is Expressed As: 100 to Under

question 69

Multiple Choice

When a class interval is expressed as: 100 to under 200 (i) Observations with values of 100 are included from the class frequency.
(ii. Observations with values of 200 are included in the class frequency.
(iii) Observations with values of 200 are excluded from the class frequency.

• A) (i), (ii) and (iii) are all correct statements.
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) is a correct statement but not (i) or (iii).

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Definitions:

Categories of Assets

A classification system for assets, typically grouping them into categories such as current assets, long-term investments, property, plant and equipment, and intangible assets.

Liquidation

The process of closing a business, selling its assets, and using the proceeds to pay off its debts.

Reorganization

A process aimed at restructuring a company's operations, structure, or finances with the goal of increasing efficiency or preparing for growth, often to avoid bankruptcy.

Order for Relief

A court order that occurs when a petition for bankruptcy is approved, protecting the petitioner from creditors and potentially leading to a debt reorganization plan.