BUSN ch 2 Exam Questions and Answers Fully Solved Latest Update 2025-2026
For the same data, a graph of a relative frequency distribution will look exactly the same as a graph of
the frequency distribution. - AnswersTrue
When choosing class boundaries for a frequency distribution, classes such as 60-70, 70-80, 80-90 would
be acceptable. - AnswersFalse
Recently a survey was conducted in which customers of a large insurance company were asked to
indicate the number of speeding tickets they had received in the past three years. The data in this case
would most likely be analyzed using a frequency distribution with the data grouped into classes such as
0-2, 3-5, 6-8, etc. - AnswersFalse
Frequency distributions are specifically for analyzing discrete data. - AnswersFalse
When developing a frequency distribution, the following bin classifications follow the definition of
appropriate intervals of a variable:
0 to < 10
10 to < 20
20 to < 25 - AnswersFalse
It is often a good idea to convert frequency distributions to relative frequency distributions when you
wish to compare two distributions with different amounts of data. - AnswersTrue
In a report describing the number of people in the family of each of the 400 employees at a
manufacturing company, the frequency count at the value 3 was 220. This means that the relative
frequency at the 3 level is .44. - AnswersFalse
There is no difference between cumulative frequency and relative frequency. - AnswersFalse
A study of 2000 Verizon cellphone customers listed the annual incomes of the customers as well as
other variables. The lowest income was $25,000 and the highest income was $145,000. To develop a
frequency distribution with 6 classes, the smallest value that the class width can be is 20K. -
AnswersTrue
A cumulative frequency distribution shows the percentage of observations for the variable of interest
with values less than or equal to the upper limit of each class. - AnswersFalse
In constructing a frequency distribution for the savings account balances for customers at a bank, the
following class boundaries might be acceptable if the minimum balance is $5.00 and the maximum
balance is $18,700:
$0.00 - $5,000
For the same data, a graph of a relative frequency distribution will look exactly the same as a graph of
the frequency distribution. - AnswersTrue
When choosing class boundaries for a frequency distribution, classes such as 60-70, 70-80, 80-90 would
be acceptable. - AnswersFalse
Recently a survey was conducted in which customers of a large insurance company were asked to
indicate the number of speeding tickets they had received in the past three years. The data in this case
would most likely be analyzed using a frequency distribution with the data grouped into classes such as
0-2, 3-5, 6-8, etc. - AnswersFalse
Frequency distributions are specifically for analyzing discrete data. - AnswersFalse
When developing a frequency distribution, the following bin classifications follow the definition of
appropriate intervals of a variable:
0 to < 10
10 to < 20
20 to < 25 - AnswersFalse
It is often a good idea to convert frequency distributions to relative frequency distributions when you
wish to compare two distributions with different amounts of data. - AnswersTrue
In a report describing the number of people in the family of each of the 400 employees at a
manufacturing company, the frequency count at the value 3 was 220. This means that the relative
frequency at the 3 level is .44. - AnswersFalse
There is no difference between cumulative frequency and relative frequency. - AnswersFalse
A study of 2000 Verizon cellphone customers listed the annual incomes of the customers as well as
other variables. The lowest income was $25,000 and the highest income was $145,000. To develop a
frequency distribution with 6 classes, the smallest value that the class width can be is 20K. -
AnswersTrue
A cumulative frequency distribution shows the percentage of observations for the variable of interest
with values less than or equal to the upper limit of each class. - AnswersFalse
In constructing a frequency distribution for the savings account balances for customers at a bank, the
following class boundaries might be acceptable if the minimum balance is $5.00 and the maximum
balance is $18,700:
$0.00 - $5,000
