A Simple Frequency Distribution

question 51

Multiple Choice

A simple frequency distribution

• A)can be used to summarize grouped data
• B)can be used to summarize ungrouped data
• C)summarizes the frequency of scores in a given category or range
• D)all of the above

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Definitions:

Depreciation

A method of allocating the cost of a physical or tangible asset over its expected usable life to account for decreases in value over time.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Asset Cost

The total amount incurred to acquire an asset, including purchase price and all expenditures necessary to bring the asset to its intended use.