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In a sample of 500 families, 70 have a yearly income of less than $50,000,190 have a yearly income of $ 50,000 to $ 100,000,
In a sample of 500 families, 70 have a yearly income of less than $50,000,190 have a yearly income of $ 50,000 to $ 100,000, and the remainingfamilies have a yearly income of more than $ 100,000. Write the frequency distribution table for this problem. Calculate the relative frequencies for all classes. Income Frequency Relative Frequency Less than 35 50,000 I 3 50,000to $ 100,000 a n More than $ 100,000 a 3. Suppose one family is randomly selected from these 500 families. Find the probability that this family has a yearly income of less than $ 50,000. P(income is lessthan $50,000) = n b. Suppose one family is randomly selected from these 500 families. Find the probability that this family has a yearly income of more than 3 100,000. P(income is more than 3 100,000) 2 a
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