NRF/BIG research provided results of a consumer holiday spending survey (USA Today, December 20, 2005). The following

Question:

NRF/BIG research provided results of a consumer holiday spending survey (USA Today, December 20, 2005). The following data provide the dollar amount of holiday spending for a sample of 25 consumers.

a. What is the lowest holiday spending? The highest?
b. Use a class width of $250 to prepare a frequency distribution and a percent frequency distribution for the data.
c. Prepare a histogram and comment on the shape of the distribution.
d. What observations can you make about holiday spending?

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...