Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

An institute surveyed small business owners across a state that employed 50 or fewer employees. The purpose of the study was to gain insight on

An institute surveyed small business owners across a state that employed 50 or fewer employees. The purpose of the study was to gain insight on the current small business health-care environment. Small business owners were asked if they offered health-care plans to their employees and if so, what portion (%) of the employee monthly health-care premium the business paid. The accompanying frequency distribution was formed to summarize the portion of premium paid for 87

small businesses who offer health-care plans to employees. Complete parts (a) through (c).

LOADING...

Click the icon to view the frequency distribution.

a. What percentage of small businesses pays less than 26% of the employee monthly health-care premium?

(Round to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions