# 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