After Reviewing Past History, You Have Assembled the Following Table

question 14

Multiple Choice

After reviewing past history, you have assembled the following table showing the frequency of certain levels of sales over the past 40 months. If the smallest random number used to represent sales of 100 units is 0, what will be the largest number used to represent sales of 100 units?
$$\begin{array} { | c | r | c | } \hline \text { Sales (units) } & \text { Frequency } & \text { Carrespmeming Random Numbers } \\\hline 100 & 12 & 0 \leq x < ? \text { ? } \\\hline 150 & 6 & \\\hline 200 & 8 & \\\hline 250 & 4 & \\\hline 300 & 10 & \\\hline\end{array}$$

• A) 0.1000
• B) 0.3000
• C) 0.5000
• D) 0.7500
• E) 0.9000

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Definitions:

Managing

The process of planning, organizing, leading, and controlling resources to achieve specific goals.

Long-Run Average Total Cost Curve

A curve that shows the lowest possible cost of producing different levels of output when all factors of production, including capital, can be varied.

Unit Costs

The investment required by a company to develop, keep, and trade one instance of a specific product or service.

Plant Size

Plant size refers to the capacity or physical extent of a manufacturing or production facility, which impacts its output and efficiency levels.