All categories

3 years ago

Mean for in grouped data

Business

1 answer:

liubo4ka [24]3 years ago

3 0

Answer:

To calculate the mean of grouped data, the first step is to determine the midpoint of each interval or class. These midpoints must then be multiplied by the frequencies of the corresponding classes. The sum of the products divided by the total number of values will be the value of the mean.

You might be interested in

For an organization with annual sales of $500 million, purchases of $300 million and profit of $75 million, a 15 percent reducti

Step2247 [10]

Answer: B. 60 percent (sales increase of 60 percent would be required to achieve the same percentage increase in profit).

Explanation:

Annual sales = $500,000,000

Purchases = $300,000,000

Revised purchases = $300,000,000 × (100% - 15%) = $300,000,000 × 85%

= $255,000,000.

Current profit = $75,000,000

Current profit percentage = $75,000,000 / $500,000,000

= 15%

Additional profit due to the reduction in the purchases = Purchases - Revised purchases

= $300,000,000 - $255,000,000

= $45,000,000

Additional sales made = $45,000,000 / 15% = $300,000,000.

Profit Leverage effect = $300,000,000 / $500,000,000 = 0.6 = 60%

Therefore,the correct option is B.

7 0

3 years ago

The ________ ratio measures the extent to which a firm is able to cover its short-term obligations (usually defined as obligatio

borishaifa [10]

Answer:

b. current

Explanation:

current ratio

4 0

3 years ago

Cost accounting ________. A. measures the costs of acquiring or using resources in an organization B. communicates information

beks73 [17]

Answer:

A. measures the costs of acquiring or using resources in an organization.

Explanation:

Cost accounting is the procedure by which and organisation records, examines, and summarises any cost on processes or service.

Items that are considered include variable cost, fixed cost, and other expenses related to business operation.

7 0

3 years ago

Hi, Friends I am beginner .

zimovet [89]

Answer:

hello

Explanation:

minprasadacharya

3 0

3 years ago

A share of preferred stock pays a quarterly dividend of $2. 50. if the price of this preferred stock is currently $50, what is t

Ainat [17]

The nominal annual rate of return is 20%

Given,

Annual dividend = $2.50(4) = $10. rps

= Dps/Vps = $10/$50 = 0.20 = 20%

The nominal rate of go back is the quantity of cash generated by way of an investment before factoring in charges such as taxes, funding charges, and inflation. If an funding generated a ten% go back, the nominal rate would equal 10%.

Nominal interest price refers back to the hobby price earlier than taking inflation into consideration. Nominal also can seek advice from the advertised or said interest rate on a loan, without contemplating any fees or compounding of interest.

Learn more about interest here: brainly.com/question/2294792

#SPJ4

6 0

2 years ago