Using the frequency distribution constructed in Try It Yourself 1, find the midpoint, relative frequency, and cumulative

Question:

Using the frequency distribution constructed in Try It Yourself 1, find the midpoint, relative frequency, and cumulative frequency of each class. Describe any patterns.

26, 31, 35, 37, 43, 43, 43, 44, 45, 47, 48, 48, 49, 50, 51, 51, 51, 51, 52, 54, 54, 54, 54, 55, 55, 55, 56, 57, 57, 57, 58, 58, 58, 58, 59, 59, 59, 62, 62, 63, 64, 65, 65, 65, 66, 66, 67, 67, 72, 86

a. Use the formulas to find each midpoint, relative frequency, and cumulative frequency.

b. Organize your results in a frequency distribution.

c. Describe any patterns in the data.

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...