Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In business, percents are frequently used to represent the portion of observations falling within classes of a frequency distribution. A relative frequency distribution expresses the
In business, percents are frequently used to represent the portion of observations falling within classes of a frequency distribution. A relative frequency distribution expresses the distribution as percents. To convert a frequency distribution to a relative frequency distribution, divide each of the class frequencies (portion) by the total number of observations (base). Remember, rate = portion : base. Round your answers to tenths. (a) From the frequency distribution of sales receipts for an internet cafe, convert each class frequency to a relative class frequency, percents. Class Frequency Relative Frequency $4.00-4.99 2 % $5.00-5.99 $6.00-6.99 8 % $7.00-7.99 8 % $8.00-8.99 5 % $9.00-9.99 3 % total 30 % (b ) What percent of the sales receipts were paid between $5.00 and $5.99? (c) What percent of the sales receipts were $7.00 or more? % (d) What percent of the sales receipts were less than $8.00? %
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