Describe the process of creating a class interval.

What will be an ideal response?


ANS:
To create a class interval, first select a class interval that has a desired number of data points (e.g., 2, 5, 10, or 20). Next, select how many class intervals you want, so that the entire range of data is covered (e.g., 10, 20, or 50). Then, begin listing the class interval with a multiple of that interval. Finally, list the intervals, placing the largest interval at the top of the frequency distribution.

Business

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Answer the following statements true (T) or false (F)

The Trueblood Study Group formed the FASB and called for significant changes in the establishment of financial accounting standards.

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The key lesson in Chapter 12's opening scenario on President Barack Obama is that social media can be an important tool in affecting legislation on Capitol Hill

Indicate whether the statement is true or false

Business

To determine cash payments for merchandise for the cash flow statement using the direct method, a decrease in accounts payable is added to the cost of merchandise sold

Indicate whether the statement is true or false

Business

In the introduction section of a proposal, which of the following would be the best way to persuade the receiver to read the rest of the proposal?

A) Mention a remarkable resource available exclusively to you. B) Present a detailed budget that shows a low overall cost. C) Give the background and credentials of everyone who will be working on the project. D) Provide a timetable for all activities.

Business