The Following Ages (Rounded to the Nearest Whole Year) of Employees

question 42

Multiple Choice

The following ages (rounded to the nearest whole year) of employees at a large company that were grouped into a distribution with class limits: 20 up to 30
30 up to 40
40 up to 50
50 up to 60
60 up to 70
(i. The class limits for the class 50 up to 60 class are 50 and 58.
(ii. The midpoint for the class 40 up to 50 is 45.
(iii) The class interval is 10.

• A) (i), (ii) and (iii) are all correct statements.
• B) (i), (ii) and (iii) are all false statements.
• C) (i) and (ii) are correct statements but not (iii).
• D) (ii) and (iii) are correct statements but not (i).

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Definitions:

2-For-1 Split

A stock split where for each share owned, a shareholder receives an additional share, effectively doubling the number of shares.

Premium

The amount paid for an option or insurance policy above its intrinsic value or the amount that an asset's selling price is above its face value.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Option Contract

A financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.