The report Majoring in Money 2019 (Sallie Mae) provides the following relative frequency distribution for the credit
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The report “Majoring in Money 2019” (Sallie Mae) provides the following relative frequency distribution for the credit card balance of a nationally representative sample of n = 464 college students:
a. Approximately how many students in the survey reported a $0 credit card balance?
b. What proportion of students surveyed carry a balance greater than $1000?
c. Based on the information provided, is it possible to construct a histogram of the data? Why or why not?
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a To approximate the number of students who reported a 0 credit card balance you need to multiply th...View the full answer
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Related Book For 
Modern Mathematical Statistics With Applications
ISBN: 9783030551551
3rd Edition
Authors: Jay L. Devore, Kenneth N. Berk, Matthew A. Carlton
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