Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Forbes magazine published data on the best small firms in 2012. These were firms which had been publicly listed for at least a year, have
Forbes magazine published data on the best small firms in 2012. These were firms which had been publicly listed for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The tableshows the ages of the chief executive officers for the first 60 ranked firms.
Age | Frequency | Relative Frequency | Cumulative Relative Frequency |
40-44 | 3 | ||
45-49 | 11 | ||
50-54 | 13 | ||
55-59 | 16 | ||
60-64 | 10 | ||
65-69 | 6 | ||
70-74 | 1 |
- What is the frequency for CEO ages between 54 and 65?
- What percentage of CEOs are 65 years or older?
- What is the relative frequency of ages under 50?
- What is the cumulative relative frequency for CEOs younger than 55?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started