The following data represent the median household income (in dollars) for the 50 states and the District

Question:

The following data represent the median household income (in dollars) for the 50 states and the District of Columbia in 2013.
39,622 42,499 48,801 52,888 55,258 60,907 67,620 39,919 43,749 50,121 53,027 55,700 61,137 67,781 40,241 43,777 50,311 5

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.

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: