Use the table in Example 2 to answer these questions.a. Add a relative frequency column. Calculate the relative frequencies. Round each to the nearest thousandth.b. Which price range(s) has a relative frequency greater than 0.18 and less than 0.27?c. Interpret the relative frequency for the $7079.99 interval in terms of a percent.
Chapter 1, Discretionary and Essential Expenses 1.1 #3
Use the table in Example 2 to answer these questions.
a. Add a relative frequency column. Calculate the relative frequencies. Round each to the nearest thousandth.
b. Which price range(s) has a relative frequency greater than 0.18 and less than 0.27?
c. Interpret the relative frequency for the $70–79.99 interval in terms of a percent.
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790