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Question 46/75
The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the relative frequency of unit costs amounting to $55.00/unit?
What is the relative frequency of unit costs amounting to $55.00/unit?
Correct Answer: C
You need to determine the relative frequency of unit costs amounting to $55.00/unit.
Steps:
Identify the number of times the $55.00/unit cost appears:
Cincinnati, OH, USA (3/11/03): $55.00
Atlanta, GA, USA (8/31/05): $55.00
Total occurrences: 2
Calculate the relative frequency as a percentage (number of occurrences/total entries).
There are 8 total entries.
Relative frequency: 28×100=25%\frac{2}{8} \times 100 = 25\%82×100=25%
However, as the provided options are specific and related to absolute frequency:
Steps:
Identify the number of times the $55.00/unit cost appears:
Cincinnati, OH, USA (3/11/03): $55.00
Atlanta, GA, USA (8/31/05): $55.00
Total occurrences: 2
Calculate the relative frequency as a percentage (number of occurrences/total entries).
There are 8 total entries.
Relative frequency: 28×100=25%\frac{2}{8} \times 100 = 25\%82×100=25%
However, as the provided options are specific and related to absolute frequency:
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