Undergraduates who use loans to pay for college average $16,500 in debt. The relative frequency distribution of

Question:

Undergraduates who use loans to pay for college average $16,500 in debt. The relative frequency of their monthly debt after graduation is:

a. Prepare a cumulative relative frequency distribution for the monthly debt.
b. Construct an ogive for the cumulative relative frequency distribution found in part a.
c. Based on the ogive, 60% of the monthly debts after graduation are below what approximate amount?

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...