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Question3 . Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks. bonds, mutual funds, and certicates of deposit) for a

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Question3 . Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks. bonds, mutual funds, and certicates of deposit) for a sample of cli ents in the 40 up to 50 years old age group. Listed following Is the value of all the in- vestments in thousands of dollars for the 70 participants in the study. $669.9 5 ?.5 S ??.2 5 2.5 5125.? $516.9 $219.9 5645.2 301.9 235.4 ?16.4 145.3 26.6 13?.2 315.5 39.2 136.4 616.9 440.6 403.2 34.4 296.1 185.4 526.3 330.? 3.3 363.2 51.9 52.2 10?.5 32.9 63.0 223.6 303.? 126.? 430.3 32.0 22?.0 321.1 403.4 39.5 124.3 1 13.1 23.9 352.8 156.? 276.3 23.5 31.3 301.2 35.? 154.9 1?4.3 100.6 236.? 1?1.3 221.1 43.4 212.3 243.3 315.4 5.9 1,002.2 1?1.? 295.? 43?.0 8?.3 302.1 268.1 399.5 a. Organize the data into a frequency distribution. How many classes would you sug- gest? What value would you suggest for a class interval? b. Draw a histogram. Financial experts suggest that this age group of people have at least five times their salary saved. As a benchmark. assume an investment portfolio of $500,000 would support retirement in 1015 years. In writing, summarize your results. Answer at least in 100 words. Count words and write here

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