In a Survey of 3000 Adults 18 Year Old and Older

question 61

Multiple Choice

In a survey of 3000 adults 18 year old and older conducted in 2000, the following question was asked : Is your family income keeping pace with the cost of living ? The results of the survey follow : Determine the empirical probability distribution associated with these data.

• A) ​
• B) ​ ​
• C) ​ ​ ​
• D) ​ ​

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Definitions:

Step-down Method

An accounting method used for allocating indirect costs to different departments based on a hierarchy where the first allocation base is the costliest department.

Personnel Department

The division of a business that is focused on activities relating to employees, such as hiring, training, and benefits administration.

Number Of Employees

The total count of individuals employed by a business or organization at a specific point in time.

Step-down Method

A method used in accounting to allocate service department costs to production departments in stages.