a. Thirty-six randomly selected senior citizens were asked if their net worth is more than or less
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a. Thirty-six randomly selected senior citizens were asked if their net worth is more than or less than $200,000. Their responses are given below, where M stands for more, L represents less, N means do not know or do not want to tell.
b. Using the frequency distribution of part a, prepare the relative frequency and percentage distributions.
c. What percentage of these senior citizens claim to have net worth less than $200,000?
d. Make a bar graph for the frequency distribution.
e. Make a Pareto chart for the frequency distribution.
f. Draw a pie chart for the percentage 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...
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