Every corporation has a governing board of directors. The number of individuals on a board varies from

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Every corporation has a governing board of directors. The number of individuals on a board varies from one corporation to another. One of the authors of the article "Does Optimal Corporate Board Size Exist? An Empirical Analysis" (J. of Applied Finance, 2010: 57-69) provided the accompanying data on the number of directors on each board in a random sample of 204 corporations.
Every corporation has a governing board of directors. The number

a. Construct a histogram of the data based on relative frequencies and comment on any interesting features.
b. Construct a frequency distribution in which the last row includes all boards with at least 18 directors. If this distribution had appeared in the cited article, would you be able to draw a histogram? Explain.
c. What proportion of these corporations have at most 10 directors?
d. What proportion of these corporations have more than 15 directors?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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...
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