The following data represent the median household income (in dollars) for the 50 states and the District
Question:
With the first class having a lower class limit of 35,000 and a class width of 5000:
(a) Construct a frequency distribution.
(b) Construct a relative frequency distribution.
(c) Construct a frequency histogram of the data.
(d) Construct a relative frequency histogram of the data.
(e) Describe the shape of the distribution.
(f) Repeat parts (a)-(e) using a class width of 10,000.
(g) Does one frequency distribution provide a better summary of the data than the other? Explain.
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...
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Related Book For
Statistics Informed Decisions Using Data
ISBN: 9780134133539
5th Edition
Authors: Michael Sullivan III
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