According to Sturge's rule, number of classes or bins recommended to construct a frequency distribution is k ≈ 7
Sturge's Rule: There are no hard and fast guidelines for the size of a class interval or bin when building a frequency distribution table. However, Sturge's rule offers advice on how many intervals one can make if one is genuinely unable to choose a class width. Sturge's rule advises that the class interval number be for a set of n observations.
Given,
n = 66
We know that,
According to Sturge's rule, the optimal number of class intervals can be determined by using the equation:
Here, n is equal to 66 and by substituting the value to the equation we get:
k = 7.0444
k ≈ 7
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Answer:
There's going to be 2 solutions
Step-by-step explanation:
Answer:
The journal entries as well as the T-accounts for August transactions are found in the attached spreadsheet.
Step-by-step explanation:
Initially, the transactions were posted individually in the journal and ultimately the related ones were combined together in the T-accounts.
For instance, cash related transactions are posted in the cash T-account to ascertain the true cash position as at the end of the quarter.