Refer to the Following Wage Breakdown for a Garment Factory

question 105

Multiple Choice

Refer to the following wage breakdown for a garment factory. What is the class interval for the preceding table of wages?

• A)$2
• B)$3
• C)$4
• D)$5

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are expected to yield returns over a period of time.

Risk Character

A term describing the unique attributes and level of risk associated with an investment or financial decision.

Abandonment Option

The abandonment option is a right, but not the obligation, to abandon an investment or project if it becomes unprofitable or risks exceed anticipated benefits.