The following frequency distribution represents the closing prices (in dollars) of homes sold in a Midwest city.

Question:

The following frequency distribution represents the closing prices (in dollars) of homes sold in a Midwest city.

Number of Houses Closing Price ($) 50,000-99,999 100,000-149,999 13 150,000–199,999 19 200,000-249,999 250,000-299,999


(a) Construct a cumulative frequency distribution.

(b) Construct a cumulative relative frequency distribution.

(c) What percent of homes sold for less than $200,000?

(d) Construct a frequency polygon. Describe the shape of the distribution.

(e) Construct a frequency ogive.

(f) Construct a relative frequency ogive.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: