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

question 66

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 9.

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

---

Definitions:

Market Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Jazz Festival

A musical event focusing primarily on jazz music, often featuring performances by various artists.

Scalping

The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.

Free Trade

An economic policy that allows imports and exports between countries with minimal government interference or tariffs.