Convert the distribution in Exercise 2.3 to a a. Relative frequency distribution. b. Cumulative frequency distribution showing

Question:

Convert the in Exercise 2.3 to a
a. Relative frequency Cumulative frequency showing “less than or within” frequencies.
Exercise 2.3
Age (Years) Licensed Drivers (Millions)
under 20............ 10.72
20–under 25......... 16.84
25–under 35......... 40.78
35–under 45......... 45.59
45–under 55......... 36.70
55–under 65......... 23.32
65 or over.......... 28.76 Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...