Question
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).
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a. What percentage of small businesses pays less than 26% of the employee monthly health-care premium?
(Round to two decimal places as needed.)
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