Question
The Affordable Care Act created a market place for individuals to purchase health care plans. In 2014, the premiums for a 27 year old for
The Affordable Care Act created a market place for individuals to purchase health care plans. In 2014, the premiums for a 27 year old for the bronze level health insurance are given in the following table:
values in $:
114 119 121 125 132 139
139 141 143 145 151 153
156 159 162 163 165 166
170 170 176 177 181 185
185 186 186 189 190 192
196 203 204 219 254 286
create frequency distribution, relative frequency distribution, and cumulative frequency distribution using 5 classes and answer the following questions:
1) what is the frequency associated with the SECOND class?
2) What is the frequency associated with the FOURTH class?
3) What is the relative frequency associated with the SECOND class?
4) What is the relative frequency associated with the FOURTH class?
5) What is the cumulative frequency associated with the FOURTH class?
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