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