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Income (in millions) Frequency distribution Cumulative frequency Cumulative relative frequency 9-18 12 12 0.24 19-28 9 9+ 12 = 21 0.42 29-38 7 7+9 +
Income (in millions) Frequency distribution Cumulative frequency Cumulative relative frequency 9-18 12 12 0.24 19-28 9 9+ 12 = 21 0.42 29-38 7 7+9 + 12 = 28 0.56 39-48 8+7+9+12 = 36 0.72 49-58 7 7+8+7+9+ 12=43 0.86 59-68 7 7+7+8+7+9+ 12=50 Note: Cumulative Relative Frequency is a percentage BUT can be presented in decimal format. So, for instance, in row 1, 0.24 is understood to be 24%10. In row 4, under "Frequency distribution", row 4, interpret the value 8: a. 8 people earned less than $48 millions b. 39-48 people earned $8 millions c. 36 people earned $8 millions d. 8 people earned between $39M and $48M 1 1. In row 4, under "Frequency distribution", row 4, interpret the value 36: a. 36 people earned less than $48 millions b. 36 people earned less than or equal to $8 millions c. 36 people earned less than or equal to $48 millions d. 39 - 48 people earned less than $43M 12. In row 3, under cumulative relative frequency, interpret the value 0.56: a. 56 people earned less than or equal to $38 millions b. 56% of people earned less than or equal to $38 millions c. 0.56% of people earned less than or equal to $38 millions d. 29 - 38 people earned less than $56M
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